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by 1659447091
317 days ago
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> this delights me. Not sure how you think a couple hundred thousand women leaving the work force due to childcare issues is going to lower housing cost? >> But there are reasons to be concerned about women leaving the workforce. Without two salaries, many families struggle to afford basics like housing, food, and transportation; they have less money to spend, which means less money circulating in the economy. Their health care and other benefits are more precarious in an economy where only one partner works. Economic growth has slowed in the first half of the year; in the long term, slowing growth worsens people’s standard of living. People are already delaying having kids, if they want them at all. They are unable to create the standard of living they want to stabilize a family in and can't do it until they are older. This only creates hardship for families now. The only group this is a long term win for are the ones that champion a declining population as better for the planet and the human condition. Not for your home prices and certainty not for the families directly affected by it now from losing that income. |
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Ultimately buyers set prices, not sellers. Thus a trend of households having less ability to incur larger debts should, over time, lead to greater housing affordability.