4 ms·
That is part of it, but fewer people are getting married and having kids which was one of the main drivers for buying a home. And job hopping is more common.
by cragfar 4y ago
That is part of it, but fewer people are getting married and having kids which was one of the main drivers for buying a home. And job hopping is more common.
- thaw13579 4y agoIt could go the other way as well, fewer people are starting a family because of the cost of housing.
- lotsofpulp 4y agoIt could also be fewer people are willing to start a family because of the cost of a certain quality of housing, amongst certain other minimum standards of quality of life. For example, people might have been willing to raise kids while sleeping in a single bed in a single room apartment, possibly having to move multiple times. Now, you only have kids if you can secure a single family detached house with multiple bedrooms located amongst other similar or higher socioeconomic class neighbors (good school district), and at least one parent has reliable employment with health insurance benefits, which might mean living in a metropolitan area with limited housing supply.
- cragfar 4y agoTrue, but even in cities that had affordable housing there was a decline.