My Daughter Is Being Pressured Into Buying a House She Can’t Afford

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Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 12 February 2025

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Transcript

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0:00.0	Brought you by Y-ReFi. Refinance your defaulted private student loans today at Y-refi.com slash Ramsey.
0:10.2	Okay, so I'm calling because my ex-husband and I bought a townhouse for our children to live in during college, And then four months later, I filed for divorced.
0:23.7	Our divorce was final, but in the divorce, they didn't split up the property because my
0:28.8	oldest daughter was on the title and the mortgage.
0:32.5	So then after that, I had to get a real estate attorney, and we're now at the point where
0:36.8	we have a legal
0:38.3	agreement for my ex to refinance the property and get my name off the property or if he doesn't
0:46.5	do that by March 1st then we sell it but this is being contentious and my issue is for my daughter he He's telling my daughter that she has to be on
0:58.3	the refinance of the property and I just want to give her the right information for her financial
1:05.4	security for her life if it's a good thing for her to be on the mortgage of this $600,000 property.
1:14.3	Is she in school?
1:16.6	She is a junior and she also is a real estate agent and she is making about $50,000 a year.
1:26.5	Yeah, that's not even in the same plan.
1:27.9	It is a $600,000 mortgage.
1:31.0	So, like, if she was artificially propped up with you and your ex paying the mortgage.
1:36.3	Yeah, she shouldn't be on it.
1:37.2	Right.
1:37.5	Yeah.
1:37.9	No.
1:38.9	I don't know why she would be on this.
1:41.0	It's just, like, y'all are paying for her dorm room.
1:42.6	It just happens to be not a dorm room. It happens to be a condo that you as the parents decided to buy for yourselves.
	...

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