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Reply to "Divorce, refinancing gut check"
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[quote=Anonymous]Keep the house OP. My DH makes $130K. Our PITI is $3.8K. We have 3 kids (and are done). Its fine. We do county rec sports. The kids are in good schools. We don't go on many international vacations, but that is ok. Your DH might be a slacker and not keep up paying half of your kids' costs, but even if he doesn't you'll still be happy in your house. Really, the space you live in is a very personal choice, but after years of very cramped living we finally made the choice to have more space in our daily living and less savings. While it may shock DCUM, we're still on track with retirement. WRT whether a woman should keep the house, I guess my parents situation may be unusual but I'll share anyway. Mom kept the house. Judge said that when the youngest child was 18 mom would have to buy dad out of the house. I have no idea whether they used the year of separation, divorce, or youngest child turning 18 as the year the house was appraised. My dad was a huge slacker in many ways and only paid child support when the state could find where he was employed and reduce his take home pay. He usually lasted only 6 months at any job. When the time came for mom to buy out dad, his share was wiped out by his child support debt. He would never have been able to pay what he owed her so at least she got a house which has appreciated 450%-500% since they bought in the mid 80s. If mom had bought out dad when they divorced, dad would have wasted the money.[/quote]
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