Quote:
Originally Posted by donk.
Property taxes are pocket change in comparison on your yearly ROI on the property
Pomo 2100$ before grant, 700sqft condo, value up 40k from 2020 (asses)
Vanc 950$ before grant, 500sqft condo, value up 20k from 2020 (asses)
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The only issue with this is that it's difficult to realize those yearly ROI's. It's not like a stock where you can sell a portion of it to pay for something, with a house, even if it goes up $100k, to get any money out you'll have to take a HELOC.
Quote:
Originally Posted by quasi
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I put about 65% of my paycheck in our joint account my wife does well I'm not sure what percentage she puts in but I know it's a lot less than me but to be fair she makes a lot less.
From our joint account all the bills, mortgage, groceries, utilities, taxes, house insurance ect are paid by diverting money to different accounts.
The rest of my money I do with what I want, pay for my truck insurance, investments, entertainment, savings, vacations whatever.
If we go out for dinner I usually pay, if my son needs clothes I usually pay, if we're going on a family vacation I pay for all of it, if something breaks around the house like last month when we needed new washer dryer, again I pay.
This has worked for us for over 20 years, if I want to go to Vegas with my friends or buy a motorcycle I use my money and it creates no issues between us.
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Just curious, if your partner decides to go on a trip, do they use their own money or do they use the money in the joint account?