Thursday 10 November 2011

Crisis up, divorces down

The economics of divorce
(We'd heard about this before)

1 comment:

  1. CRISIS UP, DIVORCES DOWN.
    Everybody knows a friend who boasts about having the reason for anything you goof, dumb, half witty man or woman sure ignores. They are terribly irritating people but there is something more annoying indeed, when they really seem to be right.

    In my case my dear friend always grumbles that the best tie for a couple is a steady mortgage. This must be his case cause after saying that he criticizes his wife sharply.
    In 2006 he could have profited from a divorce. But the economic slowdown in which we are involved has turned splitting up into a cumbersome task of numeracy.
    Smart American researchers say that mortgage refinancing activity has dropped 40 per cent in the last 4 years, and a reduction in buyers not only kept housing prices from skyrocketing but even figures fell down . As a result of 10 per cent decrease in house prices, divorces drop a 25 per cent. Economic downturn is behind it. Growth has now plunged from 3.8 percent in 2007 to close to zero, and unemployment has soared past 10 percent. Isn’t it an appalling scenario?
    What socked me most was the fact that, stress over finances increases the number of divorces among couples who are renting. So if you are not quite convinced about enduring your whole life with your beloved girl or boyfriend, you should live in hired houses.
    A question emerges at once when you read about this issue. Could the economic crisis thus help to preserve marriages? Scorned middle class people don’t have enough eking out a living that they have to put up with his o her partner sharing the same “old love-nest” as well. Good question for my big headed friend.

    Undoubtedly he must thank, either the mortgage and the greediness of the brokers, for having and holding her wife since they got married, for better, for worse, for richer, for poorer, in sickness and in health, to love and to cherish, till death do them part. The compromise formula takes now its real meaning.

    "There is another scary collateral effect in the economic slump we are suffering from. Do you remember that children kept on living in their parents’ house up to passed thirties? Then nowadays parents are bound to be ready for resignation. Parasites offspring will rule homes like tyrants as long as politicians sort this situation out.

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