Tuesday, December 30, 2008

Divorces Are Delayed as Real Estate Values Plummet

John Leland's interesting piece in today's NY Times is titled, "Breaking Up is Harder to Do After Housing Fall."

Click here to read the article which describes how some couples are delaying divorce and staying together because there is so little equity remaining in their house to divide up.

Here is the letter I wrote to the editor of the NY Times:
What a fascinating silver lining in the “crashing real estate market”, that couples will think twice or thrice about their divorce plans. I’m not happy about diminished real estate, but I’d be happy (for the affected children especially) if the 50% divorce rate came down a notch.