Sag Harbor, NY resident Harry Hurt writes books, stories and the Executive Pursuits column for The New York Times. Much thanks to Harry for sharing on this personal level. See the entire piece after the quote.
“I happened to be in the throes of a divorce, the marital equivalent of foreclosure. Although I had accepted an all-cash offer for the house from an ostensibly wealthy couple, the buyers had recently postponed the closing date to get the money to complete the purchase by selling some stock. Given the downward trend in the Dow Jones industrial average, I was starting to worry that the sale might fall through.
The prospect was chilling. If I was unable to find another buyer or a year-round renter, my house might end up in foreclosure. And I had already signed a one-year lease on a two-bedroom walk-up apartment near the center of the village, which meant there was no turning back on my move out of Chateau Bow Wow.”