Demographics, Depression & Destiny
Original post made by Sharon, Midtown, on Apr 26, 2009
Demand for large-lot single family homes will drop nationally from 56 million today to 34 million in 2025a whopping reduction of 40 percent.
California's "golden" housing market will not be immune to the laws of such demographics and its housing values will deflate, and with it its huge state budget.
In other words, it just isn't the short-term effects of the recent-past "housing Bubble" that is causing a temporary state budget crisis.
There is a Great California Economic Earthquake to come.
From 1954 to 1970, for example, half or more of households contained two parents and one or more children under the age of eighteen.
In fact as well as in popular culture, the two-parent nuclear family formed the normative American household.
By 1981, when Ronald Reagan took office, two-parent households had fallen to just over two-fifths of the total.
Today, less than a third of American households constitute a two-parent nuclear family with children.
America's population has risen from 200 million to 300 million since 1970, while the total number of two-parent families with children is the same today as it was when Richard Nixon took office, at 25 million
It is much worse in the rest of the developed world------
"Fifty per cent of Japanese women born in the Seventies are childless.
Between 1990 and 2000, the percentage of Spanish women childless at the age of 30 almost doubled, from just over 30 per cent to just shy of 60 per cent.
In Sweden, Finland, Austria, Switzerland, the Netherlands and the United Kingdom, 20 per cent of 40-year old women are childless.
In Germany, 30 per cent of all women are childless.
In a recent poll, invited to state the "ideal" number of children, 16.6 per cent of Germans answered "None."Web Link