Dec 20 2007
Why I think house prices are so high?
Surprise, surprise I am going be negative about something
I blame women’s liberation for the current housing pricing situation, plain and simple. BUT before all you ladies out there who read notasmartman.com (yes I know you love it) get upset I use the above comment for shock value only. You shouldn’t be on the internet anyway, you should be in the kitchen making me a pie!!
Back to my theory….We have gone from a time when in the 1960’s women were fighting for equality and their rights. Fair enough. At that time the majority of families were single income only.
We then progress forward to the 80’s where 40% of mothers worked full time and the number of dual income families started to increase significantly.
Then into the late nineties and early 2000’s where, in the majority of families both husband and wife worked (or both single parents work) and dual incomes are at an all time high.
Harping back to a previous post ‘Today’s financial conundrum’, housing prices have increase by 10% per year for the last 100 years and salaries have only increased at an average of 3 to 4%.
So how did we sustain this housing price increase?
I personally feel it is due to the increased existence of the extra wage earner.
But I would be interested on your thoughts on this. Are you a sexist pig like me? Or do you believe there is an alternative explanation to this?
