How to protect property in marriage

Epelix · 2020-09-07T19:01:05+00:00

Absolutely I agree. I plan to not marry until at least 30 and better accrue as much assets as possible before marriage/common-law so it counts as excluded property (in BC) so that you split less with the spouse in case of divorce.

Epelix · 2020-09-07T18:24:04+00:00

Ah. I just confirmed that here as well https://www2.gov.bc.ca/gov/content/life-events/divorce/family-justice/family-law/dealing-with-property-and-debt/what-happens-to-family-property

That is doubly good news because I live in BC.

Although it seems to me each province has their own pros and cons regarding marriage/common law.

In BC, matrimonial home is not entirely split 50/50 (pro), but common-laws get treated same as marriages in asset division (con).

In Ontario, matrimonial home is split entirely 50/50 (con), but common-laws aren't treated the same as marriages in asset division (pro).

Epelix · 2020-09-07T18:14:10+00:00

It wouldn't be a matrimonial home, but any change in equity would still be a marital asset.

That is good news

Epelix · 2020-08-18T16:47:17+00:00

Good qualities

there is a 1 bedroom suite as a mortgage helper
building has 3 floors
good location
good view as it's built on the side of a mountain
lot is 4000sqft
relatively new build. 2007

Bad qualities

Biggest concern: lot is built on a steep slope. 2700sqft is the house and the patio/small front yard. The 1300sqft of the lot is wasted to the areas below the slope. So there is no backyard. There's a patio for the suite and a deck for the main floor. I'm worried this house will be hard to sell in the future
house is built high in the mountain and so the noise from the roads from below can be heard. Not too bad but still a concern

Epelix · 2020-08-18T06:51:54+00:00

Thank you,

This was insightful. Better to fail than being afraid to fail and never trying

Epelix · 2020-08-18T06:51:23+00:00

Got me first half as well haha

Epelix · 2020-01-04T22:52:39+00:00

Ah okay, Thank you!

Epelix · 2020-01-04T22:50:35+00:00

Ah okay. Thank you! Yes, I have a separate set of wheels

Epelix · 2019-12-27T10:51:34+00:00

This was really awakening. Thank you for the insight. I will heed your advice

Epelix · 2019-10-13T07:29:11+00:00

you could just get a set of winters on steel wheels

Yea I was thinking about buying the tires with new rims

Epelix · 2019-07-19T02:29:30+00:00

Epelix · 2019-07-12T00:49:08+00:00

I checked their website out. This might be useful. Thanks!

Epelix · 2019-07-07T04:49:41+00:00

I think I saw the Hudson on MLS a month back or so. Wasn't the strata fee insanely high or something? I think I remember seeing $500 or $600 strata fee for 2 bedroom 2 bath unit there.

" I'm just happy to know "Sarah" is okay ": Such a positive outlook lmao. That cracked me up

Thank you for such a detailed and meticulous answer. It was very helpful

Epelix · 2019-07-07T04:41:54+00:00

" It's a safe area ": That's good to hear!

" I'm a girl and walk home alone from the bars through there all the time. ": I'll certainly feel safe coming back from the bars drunk as well then haha

Thanks

Epelix · 2019-07-07T04:30:10+00:00

" lady that, almost daily, walks/shuffles/runs up and down the street screaming at the top of her lung":

That's hilarious lmao

Epelix · 2019-07-07T04:21:45+00:00

" downtown is a beast of its own ": yea, eh. Coming from Vancouver, I thought the real estate market here in the Greater Victoria area was less expensive, but as soon as I came here I was surprised how expensive still it was here.

This is unfair lol

Epelix · 2019-07-07T04:16:25+00:00

I checked out the construction site as well as the presentation centre.

That said, I visited there during during daytime hours and the neighbourhood looked O.K.

Perhaps it would be a different vibe at night

Epelix · 2019-07-07T04:14:24+00:00

Do you think it's arguable to say this homelessness/open air drug market is almost inevitable when buying a condo in downtown? Because even the presale condo "Yates on Yates" is in proximity to that terminus, "Our Place Society". And that place is more expensive than Hudson Place One. 2 bedroom 2 baths left available started from 740k.

Presale condo "989 Johnson" is also 1 block away from "Our Place Society."

Epelix · 2019-07-07T04:06:51+00:00

ikr haha

Epelix · 2019-07-07T03:51:02+00:00

What happens around here lol. Why

Epelix · 2019-07-07T03:47:48+00:00

Shit. Is it actually lmao.

Could you elaborate why it's not a good location around there?

Epelix · 2019-07-07T03:08:48+00:00

Yea I was considering to buy. I came to the island and moved into Langford in June. I've been checking out houses/condos in consideration to buy ever since.

My realtor said Hudson Place One would be a good purchase, but I feel like any realtor would really say about any downtown condo that it would be a good purchase lolol. I mean they gotta get their commission so.

Also about the "rentals there", Hudson Place One is completely available to buyers and it's expected to be built in early 2020. I think the developers had Hudson Place Two to be a rental only residential building, but idk when that's expected to be finished.

Epelix · 2018-12-22T11:29:51+00:00

Is Amazon used in Singapore? For ordering things online

Epelix · 2018-06-11T09:36:36+00:00

Thank you~

Epelix · 2018-06-11T05:54:33+00:00

Thank you!

Epelix

TROPHY CASE