The San Francisco Gate writes that more and more divorced couples are forced to live together while trying to sell their home. People can’t sell their homes, leading to a real-life version of the Jennifer Anison/Vince Vaughn movie, The Break-Up.
It’s not just that there are too many sellers and few buyers, it’s that people have bought more home than they could afford. As housing values dropped, they have found that they owe the bank more than the home is worth. In order to leave they are going to have to dip into their savings to pay the bank the difference.
A number of other sticky situations can occur. The articles asks, what happens if “one person wants to sell at all cost and the other wants to hold the house until the real estate market rebounds?” It’s put divorce judges in a pickle – they can’t order the sale of the home like they might have in the past.
Articles like these remind me how it is the possessions that own you. While a home is one of the better possessions you can buy, it’s odd that it can turn into a jail. It’s another reason why having money isn’t always about the money, but about the freedom of choice is allows.