You’re Wrong, Barefoot

Scott

Are you kidding? Last week you advised ‘Rachel’ a single mother to let the family home go and then rent? When I got divorced, I had a terrible solicitor who lost me my family home. I had two children and ended up renting. We had to move five times in ten years due to changes with either the landlord or the real estate agent! Do you understand the stress that causes, including being at the mercy of an owner? I was never able to purchase a home again!

Bev

Hi Bev,

I’m sorry you got a dud lawyer. However that doesn’t change the facts: Rachel was a single mum earning $65,000 a year, wanting to take on a $640,000 mortgage. I told her that she couldn’t afford it, and that doing so would put herself under severe financial stress. That was the right advice for her well-being, and therefore for her kids. Most mums want to keep the house in the event of a divorce, but in most cases they’re better off without it.

Scott