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by yvan-eht-nioj
317 days ago
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The rise of dual income households increases total household income, allowing couples to qualify for larger mortgages. As more buyers can service bigger debts, demand for housing at higher prices rises. The increase in borrowing capacity generates an arms race, driving up house prices over time. 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. |
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If the reason was women felt safe enough to forgo the extra income then it could be a long term trend. But that is not this. This is forcing women out due to short sighted decisions just long enough for the current kids to get old enough to not need a parent at home all the time.
Only long enough for a couple hundred thousand couples to go from 2 incomes to one. The long term trend will be women seeing they are going to be the one to take a hit and decide to not have kids and keep working. It reduces population (for people that care about that) and keeps people working cause now they have to make sure they have money for being elderly with zero children because they couldn’t afford them. This idea that women are going to suddenly revert to wanting to be stay at home mothers by making life harder for families is some fantastical thinking.