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Judge it!
Another old joke:
How do you make a small fortune in a divorce?
Start with a large fortune.
As home values drop, divorce gets nastier
When Marci Needle and her husband began to contemplate divorce in June, they thought they had enough money to go their separate ways.
Full Story: Chicago Tribune
Full Story: Chicago Tribune
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Allow me to pull out my tiny violin. Must be nice to have a million-dollar home.
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What about the folks who are hanging on by a thread in the first place? While I'm sorry to see that folks are having problems selling houses and settling divorces, I'm having difficulty having sympathy for those who are complaining that they now have *only*$600,000 to start over. I'd love to have $600,000 at this point in time and life!
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I can care less about these broads.
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waa waa - poor rich people having to settle for $100,000 instead of the $500,000 ... is this news? And why should we care???
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These people have no values besides money. Divorce should not even be an option, yet people in this country treat it like a regular rite of passage. Marriage WILL be rocky, and they should have known that from the start. The point of marriage is NOT happiness, but to live to serve one another.
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sounds like the problem is that they are no longer rich. They may own a couple million dollars worth of property but they may owe 2.5 million dollars on them. I think they might be under water making the divorce complicated. That's my take on the article anyway.
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My take on this article is that they have a couple of million dollars in property but they owe a lot more on the property which is complicating the divorce. That doesn't qualify them as rich.
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Hey it could be worse, he could rent a Santa Claus suit, buy a gun, some racing fuel, show up to a family party and....... never mind, already been done.
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ha! I guess they'll have to figure out how to fall back in love again!!(without money) Now there's a trick!
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Considering that a marriage is like a contract - no one would sign a contract without knowing all the terms involved - yet the goverment allows people to marry because they are "in love".
All the terms of the contract (marraige) should be layed out ahead of time - then there would be a lot less divorces. |
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Is this story supposed to make feel sympathy for these screwballs? It didn't!
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Any home that has lost money was over-priced to begin with.
There is a real value and a market value on homes. The real value is what does that house cost in the cheapest place in the country to live. Market value is how much a home sells for over the cheapest place in the country to buy a home. Market value is monopoly money because a house in California is truly not worth a dime more than the same house in Indiana. Only in people's minds. |
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“Cake or Death?” Joined: Dec 21, 2008 Comments: 3999 Palm Beach ISP: Jacksonville, FL |
I have stood in the middle of a corn feild... I have stood on a cliff over looking the pacific ocean... I was attracked to both for different reasons.. But if I were to suffer 1 of the 2... "It would be the ocean." Most would agree.. Most agreeing equates to demand... Demand equates to pressure on supply... Pressure on supply equates to increased values. I skipped ahead but you get the logic of what has been presented I would hope... add in the micro economic constraints... |
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I do understand the concept of supply and demand, but when home prices get stupid and people simply accept them we end up with situations like what we are in. A house in a normal middle-class neighborhood in California is not worth a dime more than the same house in a normal middle-class neighborhood in Indiana. If you pay more in Cali because of supply and demand pressures, be prepared to lose the difference. |
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