i have a home worth about$380k in san francisco. I bought it at $250K and have it paid down to $180K. Now, i'm getting a divorce, but i will get to keep the house. Problem is my soon-to-be ex-wife will want her half. My idea is to take a second for her half and keep the house instead of selling, because of the bay area market being a great investment??? any suggestions???
I am in favor of your plan. Keep it, it's a great investment where you are.
Yea... I suppose I chainsaw is out of the question.Seriously though. Your thinking is correct. A house is not a very liquid asset. You can't just cash in on it that easily (and taking the time to get what it's worth is gonna drag things out even longer).Good Luck
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