Sunday, March 22, 2009

Divorce is a Luxury in a Bad Economy 2

There are articles almost every week about divorce in bad economic times. I have been meaning to note the New York Times article on December 29, 2008 by J. Emilio Flores entitled "Breaking Up Is Harder to Do After Housing Fall" that I found particularly interesting. You can read the entire article at
http://www.nytimes.com/2008/12/30/us/30divorce.html?partner=permalink&exprod=permalink
One of my favorite lines is, "With nearly one in six homes worth less than the mortgage owed on it, according to Moody’s Economy.com, divorce lawyers and financial advisers around the country say the logistics of divorce have been turned around. "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."
As always, you can post any comment about this blog, Divorce Mediation, or Tucson Arizona by following the directions at the right in the green column or at the bottom of this website. Learn more about mediation at http://www.center-divorce-mediation.com/ WM 3/29/09