Monday, December 29, 2008

Fallout of a fallout

Excerpts from a NYT news item -

"In a normal economy, couples typically build equity in their homes, then divide that equity in a divorce, either after selling the house or with one partner buying out the other’s share. But after the recent boom-and-bust cycle, more couples own houses that neither spouse can afford to maintain, and that they cannot sell for what they owe. For couples already under stress, the family home has become a toxic asset."
Who says mortgage crisis ruins families...? Stressed partners will soon feel living inside a ruptured marriage is better than getting stuck with a dead cow :-)



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