The Singles Tax & New LDR
The Singles Tax: Is Moving In Together About Love or Money?
Have you ever noticed that life just seems a little bit more expensive when you’re living solo? If you’ve felt the pinch of paying full rent, utilities, and groceries without someone to split the costs, you’re not imagining things.
This week we dive into a topic that hits daters right in the wallet: the singles tax. Whether it’s splitting the rent, closing costs, or that pesky electric bill, having someone to share the financial burdens of life can really take the load off.
But while moving in together often seems like a relationship milestone, is it always the right decision?
And then later in Dear Damona, we address this question of the week: New relationship. Yay! Long distance. Oh boy. Advice for making it work?
(2:23) Living Solo Is Costing You HOW Much?!
Meet Amanda Pendleton, an Emmy Award winning storyteller and television personality who serves as Zillow’s home trends expert. Her practical, data-driven advice on real estate and design has been featured on Today, Real Simple, Glamour, Forbes, NBC, ABC, CBS, and Fox around the country.
“This is the premium that you pay in order to live alone, to live single,” Amanda explains. “And it’s a lot.”
The difference between splitting costs with a partner versus paying solo is eye-opening, especially in major cities. But is saving money enough of a reason to give up your sacred thermostat control?
(8:22) Moving In Together? Ask These Questions First!
Before moving in together, every couple should consider the complete picture, not just the financial benefits.
Damona discusses her “Who, What, When, Where, Why” framework for cohabitation.
Amanda emphasizes having a written cohabitation agreement: “It is so important to have some kind of written cohabitation agreement before you enter this situation.”
(15:10) Why Your Rent Keeps Skyrocketing (It’s Not Just You)
The pressure to cohabitate has increased dramatically due to the housing market. Rental rates for single-family homes have increased significantly from pre-pandemic numbers!
This supply-demand mismatch has created an affordability crisis that makes the “singles tax” even more painful for solo dwellers. We explore what factors are driving these changes and how they’re affecting dating decisions.
(21:08) When Your Credit Score Becomes a Dating Issue
We often talk about emotional compatibility, shared interests, and chemistry, but what about financial compatibility?
Damona explores with Amanda how money conversations can pressure-test your relationship in valuable ways. Does one partner have excellent credit while the other struggles with debt? How will that impact your future housing options together?
These financial compatibility factors might not be romantic, but they’re crucial to address before signing a lease or mortgage together.
(24:26) Buy a House, Find a Spouse?
Amanda shares some surprising Zillow research: “We did a study last year, and it found that more than 2 in 5 recent home buyers say that they fell in love after they bought a home.”
This challenges the traditional “love, marriage, homeownership” sequence many of us grew up expecting. Could buying property actually improve your dating prospects? The discussion reveals what this means for singles hesitant to make major life moves without a partner.
Connect with Amanda on Zillow.com
(32:09) Dear Damona: Long Distance Love Without the Stress
A listener asks: “Do you have any advice on newly dating someone long distance?”
Long distance relationships require intentionality and planning. Our advice includes having “the future” conversation earlier than you might in a local relationship, since you need to know if relocation is even possible.
Creating meaningful virtual dates keeps your connection strong, while making sure some of your time together includes normal, everyday experiences helps build a realistic foundation.
With the right approach and the four pillars of compatibility, distance doesn’t have to be a deal-breaker.
💌 Do you have questions? Damona has the answers!
Don’t forget you can submit your dating and relationship questions for our Dear Damona segment on Instagram, TikTok, or Facebook, or leave us a voicemail or text to 424-246-6255, and hear Damona’s answers live in a future episode!