“You know how to tell when you’re really playing hard? It’s when you don’t realize until afterward how hard you were playing.”
Real estate is kids and dogs – which is to say that people buy homes to house the further fruits of their coupling. Fewer couples, fewer purchasers, more renters. But fewer couples, less capital accumulation overall.
We have bred ourselves away from breeding – but also from saving-up and from planning-ahead generally. We celebrated juvenility until we became a nation of juveniles.
The people most enthralled by hi-tech real estate novelties are the ones least likely ever to buy, or even ever able to afford, a home – but they’re not coupling, anyway, not enduringly.
A truly forward-looking real estate start-up would build rental dormitories: “Mom’s Basement: Cooking, cleaning and laundry – but no curfews!”
In other news:
CNBC: Mortgage application demand stalls as interest rates surge to highest level since July.
CNBC: 10% GDP growth? The U.S. economy is on fire, and is about to get stoked even more.
Law and Liberty: Inflation Comes for the Profligate.
Daniel Greenfield: Coke Goes Woke and Broke: Brands go woke because they’re going broke.
The Federalist: The Left’s Vision Of Equity Will Cripple A Generation Of Minority Students.
Christopher Rufo: Critical Race Fragility: The Left has denounced the “war on woke,” but it is afraid to defend the principles of critical race theory in public debate.
John Daniel Davidson: The Cancellation Of Dr. Seuss Should Disturb You, Because You’re Next.
