Jan 07, 2009

Divorce and the Economy, Part 2: The Housing Market, Again

A year after this post on the housing market and divorce, the situation is even more grim for divorcing couples trying to sell a house or complete an inter-spousal buyout. A New York Times article profiles a number of couples in difficult situations resulting from depreciation in the value of their homes, and notes the trend of couples staying together -- or at least continuing to live together -- as discussed in Divorce and the Economy, Part I, because they simply can't afford to get divorced. I'm not sure how much more there is to say about this -- it's a tough situation and these are tough times. More soon about the effect of the economy on couples divorcing and divorced.

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