I mean why does take up more percentage of income to pay a mortage than 25 years ago? Is the smart growth boundries that rescrict the amount of available land to develop or lack of afforable housing. I lean towards too much regulation in the housing compared to 20 years ago with smart growth regulations, and stupid zoning laws have nothing to do about the strucural safety of the houses in general
2006-10-19 22:30:47 · 4 answers · asked by ram456456 5 in Politics & Government ➔ Politics
Three reasons, in chronological order: (1) entry of women into the workforce, especially in the professions and higher-paid work; (2) the computer revolution that increased productivity of professional and executive work; (3) globalization that improved profitability in the financial sector.
The value of real estate in the places where higher-paid workers want to live rose to match supply and demand. And the ability of professionals to pay for it.
It goes without saying that educated and professional-level men and women tend marry each other, exaggerating the above factors.
The impact of this is especially notable in the places where that class of professionals live, or want to live: New York City, London, Washington DC, California. Elsewhere (Florida, Nevada) prices can just as easily fall (as is happening now) as rise. And in middle-America (the Red states) the intrinsic value of homes is essentially the cost of construction since there is plenty of land available.
Some exaggeration, but this is a short answer for a complex question.
2006-10-19 22:34:23 · answer #1 · answered by Anonymous · 2⤊ 0⤋
very simple... yet no longer very healthful. to boot being sedentary, enjoying video games is a self-in touch pastime no longer producing something different than idle leisure - ok in small doses, yet you have already shown an inclination to get addicted and spend a techniques too plenty time gaming. Play at your pal's abode or an arcade each and every so frequently, yet communicate coming up different interests and hobbies; examine a e book, work together in a pastime, help with a scout troop, connect a club or group, there is a lot of issues to do and you are able to shop your funds besides. in case you earned the money, you are going to be in charge sufficient to come back to a determination a thank you to spend it. yet, once you're nonetheless residing along with your mum and dad, teach them the honour of no longer doing some thing you recognize will lead them to mad. once you're nonetheless residing along with your friends at 25, evaluate what it is going to take to truly "improve up" and get your very own place - greater coaching, skills improve, greater advantageous pastime, etc. that's possibly what your dad is unquestionably mad approximately; up till the previous few years, it became simple (and shall I additionally say, popular) for 25-3 hundred and sixty 5 days-olds to be getting married, commencing a family contributors, and figuring out to purchase their first abode. The "prolonged formative years" way of existence of many 20-somethings at present purely does not resonate with older generations.
2016-10-02 11:59:51 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Inflation
2006-10-19 22:35:15 · answer #3 · answered by english_rose10 3 · 0⤊ 0⤋
there are more hands in the pot than before.
2006-10-19 22:44:21 · answer #4 · answered by Anonymous · 0⤊ 0⤋