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If a couple buys a house together after marriage, it is considered marital property. In community property states, the home and its equity are typically split 50/50 between the spouses.
After the deadly collapse of the Champlain Towers South in Surfside in 2021, developers went on a buyout frenzy. At the time, many condo owners worried about the structural integrity of their own ...
There's also been a recent rise in the share of unmarried couples buying homes. They made up 18% of first-time homebuyers in 2022, compared with 4% in 1985, according to a different NAR report.
In 2005, the Census Bureau reported 4.85 million cohabiting couples, up more than ten times from 1960, when there were 439,000 such couples. The 2002 National Survey of Family Growth found that more than half of all women aged 15 to 44 have lived with an unmarried partner, and that 65% of American couples who did cohabit got married within 5 years.
Unmarried couples with joint mortgages could pool their allowances to £60,000, a provision known as Multiple Mortgage Tax Relief. This remained in place until the 1988 Budget, when Nigel Lawson ended the option to pool allowances from August 1988. Lawson later publicly expressed regret at not having implemented the change with effect from the ...
This was the first time domestic partners was a campaign issue. At the first meeting of the new City Council in December 1984, the Berkeley City Council enacted a policy extending employee benefits to unmarried couples of any gender. The first couple to file for benefits under Berkeley's sex-neutral policy were Brougham and his partner Barry ...
Warren Buffett once said he’d buy a ‘couple hundred thousand’ American homes — and he’d take out 30-year mortgages to do it. Here’s how to ‘load up’ on US real estate in 2025.
Under the 1996 Defense of Marriage Act (DOMA), the federal government was prohibited from recognizing same-sex couples who were lawfully married under the laws of their state. The conflict between this definition and the Due Process Clause of the Fifth Amendment to the Constitution led the U.S. Supreme Court to rule DOMA unconstitutional on ...