Housing Downturn Throwing a Wrench in Divorce Plans
The crashing housing market is turning out to be a game-changer for couples in the middle of, or contemplating, a divorce. Many of these couples who thought there would be plenty of equity to divvy up when their relationships started going south are finding that there’s not much left to split and that the possibility…
The crashing housing market is turning out to be a game-changer for couples in the middle of, or contemplating, a divorce. Many of these couples who thought there would be plenty of equity to divvy up when their relationships started going south are finding that there’s not much left to split and that the possibility of each spouse starting their new, independent lives with enough money for a down-payment has evaporated. We used to fight about who gets to keep the house, said Gary Nickelson, president of the American Academy of Matrimonial Lawyers. Now we fight about who gets stuck with the dead cow. In some extreme cases, The Times reports, couples are deciding to stay together because they are unable to sell their home.
DIBS, gay marriage has made me long for a publicly traded divorce firm! Doubling the market overnight! I hope you can share if such a thing exists.
This article was a snore. It’s like they’re taking the topic seriously or something. The NY Observer could have done a much better job. Couldn’t they have at least found a divorced former multi-billionaire who was forced to move into a $1500-a-month SRO in Fort Greene?
“Sorry What, I’m just a little punchy today – I didn’t mean to offend.”
I know that Cobblehiller, I just reenforcing a point to all of the 2009 recovery Asshat crowd!
The What
Someday this war is gonna end…
I hope a lot of starry eyed gays don’t fall into the same legal morass. I’ll plug my attorney here who is doing a lot more along these lines…
http://www.gayestateplanninglaw.com/
heterosexual marriage has always been about property. It is property that truly binds people “til death do us part”. Divorce makes sense when one of the partners either meets up with someone richer, or becomes richer themselves and can leave behind the old property. Or if neither partner has any significant property.
“This is not funny 2009 is going to be very very nasty!”
Sorry What, I’m just a little punchy today – I didn’t mean to offend.
The article makes it sound like all these heterosexuals are into marriage purely for the economic value of it. Divorce turns into nothing but economics. What about the sanctity of the institution and family values and all that?
Just a bunch of moneygrubbers.
“surely you can’t take a`pass?”
I’m going to take a pass on plenty of subjects in 2009. Did you know that most Asset classes are back to 2003 and before levels. Gas, Heating, Food and Rents are back to pre Mutant Asset Bubble days. I think this is a great thing and I hope this trend continues.
The What
Someday this war is gonna end..
“surely you can’t take a`pass?”
I’m going to take a pass on plenty of subjects in 2009. Did you know that most Asset classes are back to 2003 and before levels. Gas, Heating, Food and Rents are back to pre Mutant Asset Bubble days? I think this is a great thing and I hope this trend continues.
The What
Someday this war is gonna end..