Hi all,
Jointly own house with another family member. House valued at 230k with 130k remaining on mortgage. I live in the house. Asked to buy out family member (which I would love to do for practical levels, break tfinancial ties etc) but he wants me to buy him out valuaimg house at 250k
I can afford this but am I crazy to take such a hit ? Prices probably going to fall even more after this crisis ..
advice please
Jointly own house with another family member. House valued at 230k with 130k remaining on mortgage. I live in the house. Asked to buy out family member (which I would love to do for practical levels, break tfinancial ties etc) but he wants me to buy him out valuaimg house at 250k
I can afford this but am I crazy to take such a hit ? Prices probably going to fall even more after this crisis ..
advice please