Housing costs are so high that divorced couples are still living together
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Re: Housing costs are so high that divorced couples are still living together
#2Re: Housing costs are so high that divorced couples are still living together
#3I know of 50 year olds living with roommates in SF Bay area.
Re: Housing costs are so high that divorced couples are still living together
#4Suppressed household formation is the reason why increasing supply often doesn't look like it's working. There are tens of millions of people who want to move out of their current situation into a smaller household.
Re: Housing costs are so high that divorced couples are still living together
#5New financial instrument idea: Husband-Default-Swap?
Re: Housing costs are so high that divorced couples are still living together
#6Can't wait for a talented comedian to make a routine out of this xD
Re: Housing costs are so high that divorced couples are still living together
#7I think we are also seeing lower divorce rates and suspect a rebound once the economy picks up and as this generation of children ages.
Re: Housing costs are so high that divorced couples are still living together
#8I know of 50 year olds living with roommates in SF Bay area.
I think I was one of those roommates…
Re: Housing costs are so high that divorced couples are still living together
#9This is actually not an uncommon situation among the lower classes. Even without high housing costs, the working poor often continue living together while divorcing because they can't afford to physically separate. My employer worked on an e-divorce webapp for the provincial government and had to include this scenario in generating the self-filing paperwork: you essentially attest that you're maritally separated but still cohabitating for financial reasons.
Of my several divorced friends, all have agreed that divorce is the most expensive way possible to become a two-house household.
Re: Housing costs are so high that divorced couples are still living together
#10The Tantone's situation really weakens this article for me, rate hikes were entirely telegraphed by Powell, and they bought during the beginning of that spree. Further, you were always going to lose money, there are very few situations in which anyone could come out better in 1.5 years into a mortgage, their plan was essentially wait at minimum 3 years (ride up, -some time passes- , then the ride down, however long this process takes) hoping for an event that has only happened once in the fed's history.
If their situation was removed, I think this would be a decent article.