Reply to SATC New Season - And Just Like That...

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Charlotte's entitled children are beyond aggravating.[/quote]

Not surprising since she is absurdly indulgent. Lilly seems to have not one redeeming quality.[/quote]

Yeah that whole story line was insane.

I kind of liked Steve standing up to Miranda rather than being a sad pathetic sap. [/quote]

Yes, that was the honest thing that happened this season. The fact that she had no regard for his sweat equity, ugh.[/quote]

And if you remember when they were toured it it WAS a dump. He fixed it up beautifully.[/quote]
Also Miranda is REALLY dumb for co-owning a house with Steve and being the only person responsible for the mortgage. It would be a good point if she was the only one on the deed, but to point out that she’s the only one on the mortgage is saying “I’m f***ed here.” [/quote]

He probably put a couple of hundred grand worth of work into that place, so what.[/quote]

He may have done work, but she was probably paying for it. She sold her UWS  apartment and was a partner in a law firm. He co-owned a bar. [/quote]

Legally, It doesn't really matter. The house was bought after they married, and most of it's value at this point is likely in acquired equity, both from the improvements Steve made and also from market appreciation. Say the house cost $600k when they bought it back in the early 00s. It would now be worth at least $2m. Well that $1.4m in equity would be as much Steve's as Miranda's. He's the one who put in the sweat equity to upgrade it, plus it was his idea to buy in Brooklyn in the first place (notably, Miranda's 1 bedroom in Manhattan would not have appreciated as much and also offered far fewer opportunities for improvements, plus would have come with likely a hefty condo fee). So even if you argue that Miranda's ability to pay the mortgage makes the original value of the house more "hers," Steve's contributions are not insignificant and could be seen as far more important in terms of the acquired equity.

(I checked and NY is apparently no longer a community property state, in which case it would be 50% Steve's no matter what, but does have a rule for "equitable distribution of the assets" in divorce, and the factors I just mentioned would be relevant in a determination of equitable distribution -- I think a judge would likely grant Steve 50% of the value of the house even if the deed was in Miranda's name alone).[/quote]

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