We are taking a break from our regularly scheduled "Global Economic Meltdown" to talk, not about a housing problem, but a novel housing solution. Some divorcing couples have difficulty deciding how to equitably divide their property- but not the Sarims - they divided their house in half- literally: [Thanks L!]
PHNOM PENH, Cambodia – A couple in rural Cambodia has terminated their 18-year marriage with a divorce settlement that entailed sawing in two the wooden house they once shared, villagers said Friday. The husband, 42-year-old Moeun Sarim, has taken away with him all the bits and pieces of his half a house, said his 35-year-old wife, Vat Navy.
L asked, "I wonder what it would appraise for now?"
My response, "Uh, for about half of what it did before?"
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Thanks for the update Twist. I saw this the other day and wondered what on earth happened to the other half. I guess some people in other countries take divorce alot more seriously than we do here in the states. Didn’t see electrical wiring to the house so maybe they didn’t have to worry about splitting the fridge or stove. The commode may have presented unique problems also.
Richinaz-
I thought this shows how unreasonably obsessed people can be about their houses. I wonder if he thought “I am living the Cambodian ‘dream of home ownership’- I’m not going to give it up, even if my half the house is in pieces.”
It’s the same attitude that makes Americans grateful their loan was modified- even if the terms keep them from paying off a massive loan in their lifetime.
I agree Igor, it’s “dumb”
Lifetime home-debtor it really does help the rest of us. The bank doesn’t have to write down the loss, they get to stay in the home, and most importantly the taxpayer doesn’t have to bail any of them out. I say sign away folks.
Wish I coulda dun that….cool