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Birth Rates Dropped Most in U.S. Counties Where Home Prices Grew Most

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Re: Birth Rates Dropped Most in U.S. Counties Where Home Prices Grew Most

#281
post #169
post #86

Earlier quoted context omitted.

There IS a reason why rent in high cost areas are so, well, costly. If you go to NYC or SF and make 400k/year after tax, who cares if housing costs you 300k out of that. Especially if you're buying, in which case you can get part of your money back once you sell.

Yea and the majority of people don’t make anywhere near 400k. You still need a huge low paid workforce to get things running. Firemen, police, teacher, retail and grocery workers, cleaners, bus drivers, plumbers and the like.

None of those positions are low paid outside of teenage retail/grocery workers.

Fire/police/teacher/plumbers are very well paid.

Cleaning is hit and miss, specialty cleaning is borderline extortion.

Still, I know that most cleaning people get paid min 15$/hr.

At 15$/hr, 30k/yr is plenty to live.

Re: Birth Rates Dropped Most in U.S. Counties Where Home Prices Grew Most

#282

From previous: " In nations in the West, an important limiting factor is the ability to get one’s own apartment. That is, the ratio of average male wage to average rent. In the USA, the happiest year for this ratio was 1958, when people were spending 22% of their income on rent, on average. Not by coincidence, this was the peak year of the Baby Boom. In some sense, it was the best year in history to be a young white…

Interesting in places like Hong Kong and Japan it seems to also hold true.

Re: Birth Rates Dropped Most in U.S. Counties Where Home Prices Grew Most

#283

Earlier quoted context omitted.

>And exactly how many of those occurred less than 9 months after the wedding? Being pregnant and unmarried in 1958, even temporarily, was not a happy place from which to start adult life. People survived just fine. Life isn't all rainbows and unicorns. Raising a kid as a young couple who are only together for the kid probably sucked a lot less in 1958 because there was a heck of a lot less economic pressure (and bad…

>People survived just fine. Life isn't all rainbows and unicorns. Raising a kid as a young couple who are only together for the kid probably sucked a lot less in 1958. severely naive and rose tinted.

I didn't say it didn't suck. I said this particular kind of suck sucked less then than it does now.

A couple that is dealing with a kid that was born when they were 16-19 is far less of a burden in 1958 than in 2018 assuming because how society expects them to handle it then vs now and how much of a burden we consider it then vs now.

In 1958 the expectation was that you get married, settle down, raise the kid and pretend to be a normal couple who aren't just together for the kid. Even if you don't really love each other you at least get to raise your kid together and manage your time and money like a normal couple. This is ball and chain to both parents and certainly not ideal but it's a lot easier to do when that's what society expects you to do. Yes, you're settling, yes, you're stuck with someone you probably don't love anymore but that sucks a hell of a lot less when it's something that you're expected to do with some level of success.

In 2018 the expectation is that the couple splits. Raising the kid while apart is a massive handicap on both parents. They're expected to still manage to have careers (which probably involve college), find new partners and generally pursue life like everyone else. With a kid to raise these things are much more difficult and complicated. Even if you make the generous assumption that parents with shared custody cooperate with each other in order to raise the kid the overhead cost (time, money, frustration, pick any metric you want) of separated parents trying to coordinate to raise a kid is much larger than a couple working together. If one parent is completely out of the picture or the couple has shard custody but doesn't want to work together then it's still a bigger drain on both (money for one parent and not getting to raise your kid, everything else for the other). Neither case does the kid any favors.

Basically in 2018 we expect couples who have a kid in high-school to do it the harder way and society's expectation that they do it the hard way makes it even harder on any couple that tries to raise the kid together (contradicting social norms is hard to do because basically nobody around you will support you).

Economics aside, raising a kid with your high-school sweetheart that you no longer love is ball and chain on both parents but it's a smaller one if the kid is born in 1958 than in 2018 because per 1958 norms you're expected to get married and tough it out. Per 1958 norms having a kid in high-school not seen as the end of the world, it's seen as something unfortunate that happens to a non-negligible fraction of people and that people are expected to be able to deal with somewhat successfully.

Sure, you can hair split about the economics of raising kid, opportunities for women to have careers, quantify how bad it is to be married to someone you don't love vs having shared custody vs writing a check every month. The end result of all the hair splitting will just reflect the opinions and cultural norms of whoever doing the splitting.

I'm saying that even if you ignore all that having a kid sucks less in 1958 because how much it actually sucks is determined in mostly part based on how much we think it should suck which is basically determined by the society we live in and in 1958 we didn't think having a kid at 18 sucked that bad as we think it does in 2018 so therefore it sucked less for the people who had to do it in 1958.

edit: it should go without saying that this assumes parent quality is competent across time. Of course you could make either situation look like the obvious winner but comparing good parents to deadbeats.

Re: Birth Rates Dropped Most in U.S. Counties Where Home Prices Grew Most

#284
post #213

Earlier quoted context omitted.

What baddox's comment (about only the difference mattering) misses is this: what if you need another bedroom? In other words, it's ignoring the fact that houses come in many sizes. Anyone spending 75% of income on housing has an enormous incentive to choose a slightly smaller apartment. And is completely unable to contemplate expanding slightly. What if you want two kids... and the second one turns out to be twins? C…

Me and my sister shared a bedroom in a two bedroom apartment for a few years. I recentlty had neighbors that had a one bedroom with two kids. I'm not sure where this requirement of one bedroom per child comes from. Really, that's just a luxury.

Indeed, I make no claim about the size of house you ought to be able to afford.

But families always have more need of space than the childless. This makes anyone contemplating children very sensitive to questions like "how much of my present after-rent income must I give up for another 100 sq ft?". And this will be very different for the guy who's found himself spending 75% (to be near google, or whatever) and the guy spending 20% (in 1958).

Re: Birth Rates Dropped Most in U.S. Counties Where Home Prices Grew Most

#285
Oswald Spengler in 1923:

"And at that point, too, in Buddhist India as in Babylon, in Rome as in our own cities, a man's choice of the woman who is to be, not mother of his children as amongst peasants and primitives, but his own "companion for life", becomes a problem of mentalities. The Ibsen marriage appears, the "higher spiritual affinity" in which both parties are "free"—free, that is, as intelligences, free from the plantlike urge of the blood to continue itself, and it becomes possible for a Shaw to say "that unless Woman repudiates her womanliness, her duty to her husband, to her children, to society, to the law, and to everyone but herself, she cannot emancipate herself." The primary woman, the peasant woman, is mother. The whole vocation towards which she has yearned from childhood is included in that one word. But now emerges the Ibsen woman, the comrade, the heroine of a whole megalopolitan literature from Northern drama to Parisian novel. Instead of children, she has soul-conflicts; marriage is a craft-art for the achievement of "mutual understanding"...

At this level all Civilizations enter upon a stage, which lasts for centuries, of appalling depopulation. The whole pyramid of cultural man vanishes. It crumbles from the summit, first the world-cities, then the provincial forms, and finally the land itself, whose best blood has incontinently poured into the towns, merely to bolster them up awhile.* At the last, only the primitive blood remains, alive, but robbed of its strongest and most promising elements.*"

https://en.wikiquote.org/wiki/Oswald_Spengler#The_Decline_of...

Re: Birth Rates Dropped Most in U.S. Counties Where Home Prices Grew Most

#286

There's correlation here, but likely not causation. The real underlying cause in the drop in birth rates is an increase in working hours, an increase in commuting times, an increase in college tuition and health care costs, and also an increase in divorce rates. These days, even getting married is an expensive financial arrangement. Having kids is just another layer on that. Housing prices have increased because of c…

Agreed. There's also been a strong link between birth rates and education (especially for women). And education leads to strong knowledge based economies leads to higher home prices... Or, if you like, places with high housing prices require higher earners to pay the rent/mortgage, who tend to have higher education levels and thus fewer kids.

Re: Birth Rates Dropped Most in U.S. Counties Where Home Prices Grew Most

#287
post #169

Earlier quoted context omitted.

Yea and the majority of people don’t make anywhere near 400k. You still need a huge low paid workforce to get things running. Firemen, police, teacher, retail and grocery workers, cleaners, bus drivers, plumbers and the like.

None of those positions are low paid outside of teenage retail/grocery workers. Fire/police/teacher/plumbers are very well paid. Cleaning is hit and miss, specialty cleaning is borderline extortion. Still, I know that most cleaning people get paid min 15$/hr. At 15$/hr, 30k/yr is plenty to live.

please show specific details on your claim that teachers are well-paid

Re: Birth Rates Dropped Most in U.S. Counties Where Home Prices Grew Most

#288
post #169
post #86

Earlier quoted context omitted.

There IS a reason why rent in high cost areas are so, well, costly. If you go to NYC or SF and make 400k/year after tax, who cares if housing costs you 300k out of that. Especially if you're buying, in which case you can get part of your money back once you sell.

Yea and the majority of people don’t make anywhere near 400k. You still need a huge low paid workforce to get things running. Firemen, police, teacher, retail and grocery workers, cleaners, bus drivers, plumbers and the like.

I remember an article showing up a while back about a unionized BART janitor raking in nearly 300k.

Re: Birth Rates Dropped Most in U.S. Counties Where Home Prices Grew Most

#289
post #86

Earlier quoted context omitted.

> All else being equal, I would gladly earn $1 million per year and spend 75% of it on rent Ah, so you want to live in San Francisco

There IS a reason why rent in high cost areas are so, well, costly. If you go to NYC or SF and make 400k/year after tax, who cares if housing costs you 300k out of that. Especially if you're buying, in which case you can get part of your money back once you sell.

>There IS a reason why rent in high cost areas are so, well, costly.

Yeah, it's the ratio of population to number of housing units.

Re: Birth Rates Dropped Most in U.S. Counties Where Home Prices Grew Most

#290

Earlier quoted context omitted.

Ironically, the hiking home prices benefits this generation the most as well.

In some alternate reality where everyone's goals and chosen locale are identically that of their parents, yes.

Most people don't move very far, and never have.
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