21–30 of 135 posts
Suppressed 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.
I 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.
I 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.
I like it tbh, it's a good big mac index.
I would bet there's also an idealized rate of people finding their endgame that is much lower than the marriage rate and getting closer to that trends with high social mobility.
I 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.
The 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…
Hindsight is not relevant.
> You can’t expect people to predict the course of the bond market.
If you can't "predict" fed fund rates, then why make predictions on the housing market? The thing that the governments both state and federal is heavily vested with.
I think your reasoning is quite flawed. The Tantone's situation is one of unpreparedness and shortsighted to say the least, which as an insurance salesman looks pretty terrible.
New financial instrument idea: Husband-Default-Swap?
After selling the house we both rented town houses. We should have done more communicating about that because we unknowingly ended up renting 2 doors down from each other. That was the living situation which couldn't end soon enough.
When we 1st separated in 2011 my ex-wife and I along with our young daughter stayed in the same house for about a year. It was definitely not the most comfortable of situations but I've had worse living arrangements in my life. After selling the house we both rented town houses. We should have done more communicating about that because we unknowingly ended up renting 2 doors down from each other. That was the living…