Divorce in an era of high house prices is hard. One home, worth a whopping $1million with a mortgage of $400,000 has to be sold, and the separating couple have to start up new homes alone. They have a little shy of $300,000 each to go shopping with. They’ll be lucky not to end up doubling the debt they individually carry, if they can ever buy a home again. What a way to start single life again. watch with horror when their young ones take on mortgages of $600,000-$800,000, knowing what the result will be. Paid back over 30 years, there’s $650,000-$850,000 in interest to pay, assuming an optimistic 6.5 per cent interest rate. What parent wants their children to be lifelong slaves to banks? can become a nightmare in a hot property market where unconditional auctions are the norm. If you accidentally end up shut out of the market, things can very quickly turn against you.