Americans shacking up with exes during ongoing housing crisis
NY Post
Americans are choosing to remain in a living situation with their exes amidst the ongoing housing crisis, a move that experts say may prove emotionally taxing despite the potential financial benefits.
“High housing costs are causing more couples to cohabitate despite the fact the romantic flames of their marriage have been extinguished,” real estate broker Chuck Vander Stelt told Fox News Digital.
“I have had conversations with several divorcing couples who have been weighing options and looking to time the market. In the meantime, they are continuing to live together.”
Stelt believes the trend of cohabitation after divorce or breakups is growing as he has experienced an influx of those in their 30s and 40s, often with children, weighing the options of selling versus cohabitating. In the past, Stelt said homeowners who separated were adamant that the property should be sold as soon as possible.
“Many homeowners are sitting on a mortgage with a rock bottom interest rate and a comfortable house payment. It’s hard to let that go and face the alternative of meaningfully higher housing costs,” he added.
The inclination to remain shacked up with former lovers has been reported in the media over the last several years, especially amid the fallout from the COVID-19 pandemic.
