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by taeric 1045 days ago
I would expect other factors to play in a little more, but I can't say they will. (Size, location, etc.)

That is, I don't think moving is usually driven just by prices. Is it? Investing largely is, but investment firms buying up neighborhoods is its own problem.

1 comments

If price was never an issue, people would generally move a lot more. Move to be closer to school. Move to be closer to a new job. Obviously moving is a PITA and you have things like maybe moving further way from a family etc.. but we can see when the market is rising that quite a lot of people move.

But a lot of these moves are just improvement moves. Move to a bigger place to have more room for kids. Move to a smaller place to save on mortgage for empty nesters. Move to make your 1 hour work commute 15 minutes. People would love to make these moves, but if the money doesn't line up - it isn't going to happen. Very few of these are REQURIED moves.

For sure required moves exist. Live in a studio and have a kid or two. Get a very good job 1000 miles away. Graduate college. But these are not "most" moves.

Makes a ton of sense. My mental model is that I only consider moving for utility reasons, but I think it is undeniable that that is not the main driver there. Would be neat to see full breakdowns on these numbers, but I fully expect what you are describing.
https://www.jchs.harvard.edu/blog/who-is-moving-and-why-seve...

Has some actual numbers that are interesting. Moves slowing down as you age lined up fairly similar to my path, I think my entire life moves were at like:

21, 22, 23, 28, 30, 33, 37...

and I may not move again, or if I do I would see it as 10+ years out.