This guy ....

Discussion in 'Living Room' started by qak, 13th Feb, 2018.

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  1. qak

    qak Well-Known Member

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  2. kierank

    kierank Well-Known Member

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  3. hammer

    hammer Well-Known Member

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    That story stinks in so many ways....
     
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  4. inertia

    inertia Well-Known Member

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    I think its more than that - but the issue is, when they sold their house together for 1.6 mil, why didn't they pay of the mortgage on the mums house then?

    Cheers,
    Inertia.
     
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  5. Guest

    Guest Guest

    $1M windfall in equity and he is blaming the broker for the loan structure to allow the purchase? o_O

    Terrible angle/journalism.
     
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  6. Noobieboy

    Noobieboy Well-Known Member

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    This story makes no sense. What are they complaining about again?
     
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  7. Jess Peletier

    Jess Peletier Mortgages, Finance & Property Strategy Aust Wide Business Member

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    @Noobieboy They're complaining that they upgraded their home with their windfall money rather than reducing the debt on their Mum's house.

    They're also complaining that the ex-wife is a heartless cow and wants half the Mum's house.

    It seems to be the brokers fault.
     
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  8. Lemmy a fiver

    Lemmy a fiver Well-Known Member

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    Its always seems to be someone elses fault these days @Jess Peletier
    We have become a finger pointing society.
     
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  9. Guest

    Guest Guest

    No she just wants half of the house they bought and lived in together, but he is thinking about selling his mum's house so he doesn't have to take out a loan to provide what is rightfully hers.
     
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  10. Gockie

    Gockie Fully vaxxed Premium Member

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    I'm sorry but... selfish idiot.
     
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  11. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Confusing article. Sounds like the broker, allegedly, talked them into buying the mum's house and renting it back to mum.
     
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  12. WattleIdo

    WattleIdo midas touch

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    And the deposit was a gift from the ex-wife's parents.
    And his mother gifted the profits to them!
    All very shonky. And now this poor old lady has to live with him - and we're not sure why the wife left ... an idiot with money? violence? or both?
     
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  13. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    I think some clues can be gleaned from the story.
     
  14. Ouchmyknees

    Ouchmyknees Well-Known Member

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    So the guy and his wife has two loans, one on their upgraded house and one on his mom's place. The wife left and want half of the house, which is her legal entitlement anyway, and to avoid selling the house, he got his mom to sell hers instead and move in with him and provide (possibly free) babysitting? Really?
     
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  15. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    It wasn't really his mum's house. it was his house, purchased from her, which she was renting from him.

    Wonder where the proceeds from the sale of mum's house went? Mum should be the one talking to the lawyers.
     
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  16. Ouchmyknees

    Ouchmyknees Well-Known Member

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    @Terry_w you are right, it was mentioned that he charged her a nominal value for rent, I found that a bit suspicious.
     
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  17. hobartchic

    hobartchic Well-Known Member

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    He does not get a choice. the house has to go due to the mortgage agreement. His Mum should have said no and this whole sorry affair never would have happened. He could have chosen to rent instead with his wife. I do feel compassion for them but this could have been avoided and blaming the mortgage broker is far too simplistic.
     
  18. Scott No Mates

    Scott No Mates Well-Known Member

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    Renting a wife is usually much cheaper than buying. o_O
     
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  19. SatayKing

    SatayKing Well-Known Member

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    But whose? The eternal question.
     
  20. Trainee

    Trainee Well-Known Member

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    This was in 2011. Guy rides the entire sydney upswing and still turns out like this?
     
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