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Because a household must have two incomes now to afford a home. This comes at the expense of what is best for the family, especially the children. I think you'r
by throwaway35784 7y ago
Because a household must have two incomes now to afford a home. This comes at the expense of what is best for the family, especially the children. I think you're agreeing. Home prices are out of control.
- twoodfin 7y agoI think you have that backwards: Women choose to enter the workforce in much higher numbers than 50 years ago at least partially because it's much more rewarding than the equivalent time spent in domestic labor. The result is higher earning households and thus higher demand for the less elastic supply of housing in some markets. It's also almost certainly the case that dramatically lowered costs in other areas (food, telecommunications, household appliances) has freed up spending power which, again, has bid up prices in desirable markets. Cheaper credit has greatly magnified the same effect, without necessarily driving up true costs. As you've pointed out, housing isn't particularly expensive everywhere, just places where they're not building to keep up with rising demand. Oh, and we haven't even mentioned that comparing the median home in 1970 to the median home in 2019 is not exactly apples-to-apples, starting with square footage.
- throwaway35784 7y agoI believe, as did my single mother, that women going to work hurt families also. She said before she died, women "shot themselves in the foot and made it much harder on single incomes to support a family. Women always had a choice to work. Now they don't." Maybe you have something wrong. Maybe it wasn't more rewarding to go to work. People on their death beds don't say I wish I'd gone to work more. No. They say they wish they'd spent more time with family.