Can't wait for a talented comedian to make a routine out of this xD
According to the article's comments, there was a movie about this exact scenario that came out in 2006. Maybe this scenario is an indicator about housing bubbles.
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
#12Suppressed 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.
~16% of 25-35 year olds life at home with parents.
I imagine a much smaller percent prefer that if not for financial reasons.
Re: Housing costs are so high that divorced couples are still living together
#13I know of 50 year olds living with roommates in SF Bay area.
Counterpoint: living alone isn’t all it’s cracked up to be. A good roommate is as hard to find as a romantic partner, but living with people you like is one of the greatest joys of life.
Re: Housing costs are so high that divorced couples are still living together
#14This 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…
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Re: Housing costs are so high that divorced couples are still living together
#15The 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 t…
Real estate agents always have a narrative about why you should buy now. For example, if rates are rising, a good story is that other people are holding back from buying due to rising rates, therefore buyers are sitting out, there is pent-up demand. This was your last change to get in before prices explode when the fed tapers. We know this is wrong with hindsight but it was widely believed. You can’t expect people to predict the course of the bond market.
Re: Housing costs are so high that divorced couples are still living together
#16I think we are also seeing lower divorce rates and suspect a rebound once the economy picks up and as this generation of children ages.
Yeah, this is terrible. A robust divorce rate is must for healthy growing economy.
Re: Housing costs are so high that divorced couples are still living together
#17That's all good and well, but people have been living together after divorce for a long time. This article seems to be nothing but anecdotal data. You almost had no choice but to do this before the '60s. Divorce has always been expensive, and people choose to cohabitate for financial reasons. Perhaps people have been cohabitation after divorce at higher rates since the Fed has raised interest rates, or perhaps not. But it would be nice if this article would show some statistical data over the long run on this. Do we even have any reliable data on rates of cohabitation after divorce?
Re: Housing costs are so high that divorced couples are still living together
#18Housing prices have the potential to be infinite due to the infinite cost of producing redundant land.
The land on which houses sit can't be produced. Someone owning all the existing land would ask for any payments and couldn't be refused unless the consumers wouldn't want to live anymore.
So when we are talking about housing, we have to be careful about qualifying the price as a bubble. There's underlying value underneath that can warrant any price.
Re: Housing costs are so high that divorced couples are still living together
#19I know of 50 year olds living with roommates in SF Bay area.
I think it is pretty common all over third world. In US it maybe strange thing.