I've been with my boyfriend for 2 months (I know it sounds like a short time, but we just know that we belong together)... We both are at a point in our lives where buying a house is possible. His intentions are to do so near the end of the year. He has been saving to buy a house, and so have I... and he asked recently if I'd like to buy a house together. The thought had already crossed my mind, but I hadn't said it out loud. Does this mean he wants to be with me forever? Should I have a ring first?
Most Helpful Guy
You may not realize this, but buying a house together is a HUGE business and financial commitment, and one that can have lots of unintended consequences if things go wrong.
What will you do if you break up? Can one of you afford to buy the other out (I doubt it)? Will you sell the house? What if you are upside-down on the mortgage because values plummeted? What if he stops paying; will you let YOUR credit be destroyed too, or can you afford the entire payment yourself? What about the property taxes?
What if you find you can't live together? Maybe he's a slob, or 3 months after moving in decides that all the walls need to be painted neon green? What if he cheats on you? Or what if you just realize that you don't feel as strongly about each other as you thought?
Buying a house is WAY different from renting one, and if you are not already a legally-joined entity, you'd better go over all of these potential issues with a lawyer and have a good contract drawn up, because when things go bad, people who "love you" can do some very rotton, nasty things sometimes, and it can take a decade or more for you to recover, so you really can't take this lightly.1
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