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That's the irony. Both parents work and the market swallows a good chunk of the second income. But now, simultaneously, there are two income households with ze
by chiefalchemist 4y ago
That's the irony. Both parents work and the market swallows a good chunk of the second income.
But now, simultaneously, there are two income households with zero kids. That's the new benchmark.
I'm not going to judge / critique / question why it is, but the shift from one income per household to two has create economic chaos. Chaos we have yet to come to terms with.
But more irony, from an economic POV there are couples opting out of families because of the costs. And the new benchmark nudges up...
- almost_usual 4y agoMy friends without kids typically find ways to spend money doing other things, people need to occupy time. They travel more, have memberships to wineries, and eat out multiple times a week. People without kids also tend to compete in different areas for housing. A place with a great view in a bad school district could be appealing. Where people with kids typically want a SFH in the burbs in a good school district. Really the strongest competitor in the housing market is the older generation with more disposable income and a house(s) already.
- chiefalchemist 4y agoThe age doesn't matter, more "disposable" income will drive up prices. A home here, a home there, comps. Poof! Prices nudge up. And you don't see the younger ones because, yes they still have economic headroom to travel.