'The market has moved underneath them': Separating couples watching house prices fall
New Zealand couples are facing financial distress as falling house prices leave them in negative equity following the 2021 market peak. Divorce coaches report that many separating couples are forced to continue living together because they cannot afford to sell their homes.
Why it matters
The intersection of a cooling housing market and personal relationship breakdowns highlights the social and economic pressures of the current real estate climate.
One couple bought a house on Auckland s North Shore for $2.4 million in early 2022, and have since seen the value drop to $1.7 million.
The article presents anecdotal evidence and market data neutrally to illustrate a socio-economic trend.
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