Something has deeply deeply changed in society for a fertility rate to go from 6 to 0.8 in 60 years, the living memory of a single life. Before, society grew with the average working age person only needing to half support an elderly retiree. Now, that same working age person will need to support more than 2 elderly retirees themselves, over 4 times the resources. Has it occurred to people that, maybe, modern fertili…
Apologies for ranting but this topic resonates too much. Housing prices are 9x salary vs 4.5x salary in the 70s and it takes a while to save up. Personal data point: it took me winning an IPO lottery to start thinking about having kids for real. Having kids while earning minimal wage? Terrifying, especially in the US where getting yourself or your kid sick could bankrupt you in the blink of an eye - and if you want m…
Monthly mortgage payments are the same though. (Lower interest rates, etc.)
Also building costs gone up. (The plague of single family homes, stricter building codes, higher quality requirements from buyers, while buildings are still produced using the old labor intensive methods.) And due to fucked up zoning building low-cost housing is just not happening :/
So folks are basically forced to buy expensive houses.