“My good friend’s girlfriend broke up with him recently, because he didn’t want to “settle down” (=buy a house). My friend has been waiting for a crash since 2008. We like to talk about bulls having various problems including marital stress because of excessive debt, etc. But the bubble is clearly straining relationships on both sides.”
- bubbly at VREAA 23 Nov 2012 3:33pm
The misallocation of resources that occur as part of a massive speculative mania in housing include interpersonal conflicts and the associated misspent energies around buy/rent disagreements and debt spending. Sure, couples have ample disagreements around housing during more typical times, but in the grip of a speculative mania they are that much more powerful and that much more destructive.