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But you won't be able to afford anything (housing especially) where you're competing against dual income families.
by wizofaus 3y ago
But you won't be able to afford anything (housing especially) where you're competing against dual income families.
- jacobr1 3y agoManufactured goods are genuinely higher quality and/or cheaper. Services are more expensive. Zero-sum type good (housing in most metros) are higher, for complex reasons, but boiling down to the ratio of availability to demand. But if you want a manufactured home, in the middle of nowhere, you can get a higher quality house today, for lower cost relative to that quality than in the past.
- wizofaus 3y agoThere are a lot more full-time DINK households these days (in my own circle of family/acquaintances, at least a third of them would qualify, despite them all being 40+), and they're often competing against households with kids that might have at best 1.5 incomes for not just housing but any number of goods (cars, appliances etc.). As soon as there are supply constraints of any sort (and there's been a number recently) it's going to drive prices up to the detriment of households with smaller total incomes, making the "choice" to remain a single-income household not a very realistic/attractive one.