TOUGH REAL ESTATE MARKET, DIVORCE A few years ago, there was a pile up of homes in New Jersey that were deemed “unsellable” and this created a huge challenge for people getting divorced and needing to unload their marital residence. These days, the so called “tough real estate market” continues to mushroom proving my point […]
SHANGHAI: Fake divorces on the rise: New Chinese law that limits home buyers to one home triggers rise in fake divorces
The Chinese are getting fake divorces according to China Daily and CNN We ran a story about this a few months ago but I just read this in CNN this morning as I was in the middle of my morning espresso (which I imbibed with two stolen Tootsie Rolls (kleptoed from a huge bag of […]
CHINA: And you thought the only thing fake in China were the Gucci bags. Turns out, China, in an effort to stop speculation on housing, has tightened the terms of mortgage lending for second homes, forcing married couples with money to invest in second homes to divorce each other in order to obtain more favorable […]
Do you need more proof that the global economic slump has impacted even the divorce industry? Take a read at this article about what Spaniards are offering couples to get divorced http://www.telegraph.co.uk/news/worldnews/europe/spain/5207577/Spanish-estate-agents-offer-free-divorce-with-every-home.html They are offering free divorce lawyers in exchange for home purchases. I am sure you’ve heard that a lot of people around the world, […]
On divorce & real estate: is the economic downturn making selling the marital residence a losing proposition?
Each winter, I try to make a couple of trips out to Bridgehampton via the Long Island Railroad. I find it incredibly beautiful and relaxing and usually tote a few magazines which I can read over the course of the two hour trip. But I hardly ever read because I am always so enamored with the winter […]
The New York Observer ran an arcticle yesterday about how reports that a slew of high profile divorces between these high net worth celebrities have been keeping the seven figure real estate market afloat during this awful economy. As part of their divorce settlements, these former spouses made out like bandits. But they are not stupid. […]