this post was submitted on 18 Jul 2023
475 points (87.1% liked)
Memes
45535 readers
364 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I'm arguing non-homeowner had zero risk and should have zero equity.
The non-homeowner put zero money down for the purchase, they put none of their credit at risk, they took on no liability for the property, and so far there's no mention of their obligation to pay for upkeep and repairs. Doing those things are the requirements of home ownership while the benefit is the equity. The non-homeowner simply hasn't done the things to be a home owner. If the did, then they'd be a home owner.
Zero risk? Lol, had to stop reading there
How about the risk of losing all their equity and their home if their partner decides to kick them out
They have no equity to lose. You're proposing they have it, then you say they have risk because they could lose what they don't have that you're proposing they should.
Thats circular reasoning.