In one of my more brilliant (and recent pieces - because of the awesome chart at the end) I a likened the courtship market of people in their 30's much like the housing market. It was a-BOOMIN' and buyers were desperate to buy a house, ANY HOUSE.
And all of the sudden - POOF!
No more buyers.
The buyers, exasperated from the horrors of trying to find a house, having to constantly battle against other buyers, looking at dumps that needed repair and needed tens of thousands of dollars worth of improvements, not to mention the pain of getting financing, just gave up. The houses just weren't worth it. Renting was better. And the goal of living in a McMansion was soon replaced with a much simpler life of renting and NEVER BUYING.
Now, the sellers are desperate. Most bankrupt. And nobody wants their McMansions any more as society and the economy more or less force frugality upon the buyers.
Seems this young lady (or perhaps not so young any more) is starting to notice it on the analogous "seller"side while us "buyers" saw it coming a long time ago.
Here is the ht to a slightly harsher interpretation of this poor woman's situation.
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