Note that the younger generations here (18-34) are primarily comprised of people who were not in that cohort the last time this survey was done. Only 18-24 from the first dot is still in that cohort.
Most of that cohort moved into the middle aged group already.
The average American stay in a home is has been ~8 years.
That number is going to double with rates like this.
Given that the American system is supposed to be a market that's a bad sign: frozen markets are not efficient markets.
This doesn't mean people can stay in their homes in a crisis: it means people can't move. A job the next city over would have to pay thousands more to make selling your home a rational decision. The article says it's on average $511/mo different.
YIMBYism works - Tokyo housing is incredibly affordable not because of subsidies but because they just never stopped building more housing.
The problem with American housing is that it’s too easy to block.
Unless I’m mistaken the revenue source for property developers is selling the property. They don’t give a single fuck about how valuable it is after they’ve offloaded it.
[Thread, post or comment was deleted by the author]
So, I learned in physics class at school in the UK that the value of acceleration due to gravity is a constant called g and that it was 9.81m/s^2. I knew that this value is not a true constant as it is affected by terrain and location. However I didn’t know that it can be so significantly different as to be 9.776 m/s^2 in...
Hollywood scribes initiated a work stoppage in early May as negotiations broke down with studios including Disney, Paramount, Universal and Warner Bros. Discovery....
Despair makes young US men more conservative ahead of US election, poll shows ( www.reuters.com )
A Huge Number of Homeowners Have Mortgage Rates Too Good to Give Up ( www.nytimes.com )
The end of landlords: the surprisingly simple solution to the UK housing crisis ( www.theguardian.com )
[Thread, post or comment was deleted by the author]
Does everyone learn the same gravity in school or is it different everywhere?
So, I learned in physics class at school in the UK that the value of acceleration due to gravity is a constant called g and that it was 9.81m/s^2. I knew that this value is not a true constant as it is affected by terrain and location. However I didn’t know that it can be so significantly different as to be 9.776 m/s^2 in...
Hollywood writers and studios reach tentative deal to end strike after nearly 150 days ( www.cnbc.com )
Hollywood scribes initiated a work stoppage in early May as negotiations broke down with studios including Disney, Paramount, Universal and Warner Bros. Discovery....
xkcd #2832: Urban Planning Opinion Progression ( imgs.xkcd.com )
xkcd.com/2832/...
We spent a weekend camping, Bowie was really ruffing it ( lemmy.world )
Weird how this works ( media.mas.to )