are reports prices are going up even faster. why is it so hard for americans to buy a house? it is simply because going back to the great financial crisis, we under build housing. you can see here what the housing rate was over 2 million houses a year into the crisis, plummeting to 500,000. it has been gradually catching up, but the dotted line is household formation. these are people leaving home from their parents and starting their own household. that under building over a long period of time created a gap of 4 million houses less than the number of households we would have had, and that s what happened on the normal trend. that collides with a fact an increasing number of people are trying to buy them as well, and it has a big effect on cost. when you look at financing, that s the other thing that may make it easier to buy a house but it also has a big effect on
one in three relationships begin at work. and technology has sort of a winner take all effect. when technology comes into mating and now it used to be one in five relationships began online, now it s one in two, you have this variance where essentially if the top 10% of men in terms of attractiveness are going to have 60 to 80% of the opportunities, which delays household formation and the bottom half have absolutely no hope for relationship formation, this all leads to an underclass of men. you think, well, okay, it s not is it time? is it okay? it s not that we need to punish any one cohort. we need to dramatically invest in younger people such that they can level up and have the same opportunities we had, specifically that will raise the tide of young men. 7 in 10 high school