| | Noah Kass is exactly
Noah Kass is exactly right. A dnbsurtiig trend we're seeing in America is a decreasing number of stable 2-income household formations. A lot of housing experts and economists who are calling for a housing bounce or bottom fail to acknowledge socio-economic developments that are negative for housing in addition to aging demographics. A lot of my male friends aren't married don't want to get married. Kids? 2 kids? You kidding? How many people can truly afford another dependent these days? You cannot under-estimate the psychology that all this unstability and uncertainty is having with the next generation who seem to be averting anything that may be a long-term commitment in a world where flexibility is key.