Mansouri Law Offices
Call to Schedule Your Consultation

Is it always a good idea to keep the house?

People in the Los Angeles area probably recognize that home prices in Southern California are steep.

While this can pose a real hardship to those who are just getting started out and have to come up with money for a house, for those who have been able to maintain home ownership for quite some time, the house can be a valuable investment. In fact, many couples in California have a lot, if not most, of their net worth wrapped up in their homes.

It is no wonder, then, that couples who are going through a divorce or legal separation get in to oftentimes contentious arguments about who will be the one to keep the marital residence. At times, it really is best for a person to fight hard for ownership over the house during the property division process, even if that means compromising on other matters.

However, one should not see keeping the house as an absolute and universal goal. At times, keeping the house is in fact a bad idea. For instance, maintaining a home costs a lot of money, even if the mortgage is paid off or the payment is reasonable.

After a split, a person wanting to keep the marital residence should be certain that he can pay for the house, and all associated costs, on a single income, without having to give up other necessities. If the house is not affordable, then he should not strain to keep it.

On a related point, although housing is generally a good long-term investment in California, like anything else, the market will fluctuate from time to time. A person who plans to keep the house in the hopes of cashing out in a few years should be certain that plan won't backfire because of a downturn in the housing market.

There are no hard and fast rules about whether one should try to keep the marital residence, and this question is generally a good one to go over with an experienced attorney.

No Comments

Leave a comment
Comment Information
  • Super Lawyers
  • State Bar Of California | CBLS | California Board Of Legal Specialization
  • Beverly Hills Bar Association
  • LACBA | The Los Angeles County Bar Association

How Can We Help You?

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Contact Us

Mansouri Law Offices
350 S. Beverly Drive, Suite 330
Beverly Hills, CA 90212

Phone: 310-853-1006
Fax: 310-277-8500
Map & Directions

Review us
Email Us For A Response