Originally Posted by HurtinginTN
Well, we were barely able to afford the house before all of this mess. With child support, alimony, etc., I will not be able to afford it. However, if those things were not in the picture, perhaps I could afford it for now and sell it when (if) the market ever picks back up. I did read an article that a major factory in the area is supposed to start production again around the first of the year. If that happens, the ghost town may actually start having more living beings, which need houses. I'll see if I can work out a way to do that.
Another problem is that we do have a fair amount of equity. Selling the house, even at today's estimated price, would give us enough cash out to pretty much both start fresh by paying off most, if not all, of the debt. I suppose I could try to find a way to buy out her half of the equity. Thank you for suggesting that, as it gives me another possibility to consider.
Look at it from this perspective, Hurting:
IF you keep the house (possibly with a refi), and that helps in getting primary or full custody, there won't be a child support expense. As for (grrrr...you know where I stand on this subject in general) alimony, I wonder what that number would be like in comparison to the expenses already being paid for an extra person (your stbxw)? Possibly the only difference is that those expenses would be much the same, just separately paid directly to her as money instead of food, utilities, clothes, etc. Posted via Mobile Device