No matter how the pain is spread, there will be consumer pain. Likewise because of govt spending policies that resemble the proverbial cricket in summer we can expect massive deficits and even larger tax increases. I hope everyone likes their neighbors because nobody is moving for a very long time. The new immobility class has moved in to stay.Other things I said weren't perfect but this was spot on. Back to the present. Nobody cares about 11 years ago as LLiz has noted on so many occasions. Memory fades. What does this mean for now? IMO • Among those who moved, 42.2 percent said they moved for a housing-related reason, such as wanting a new or better home/apartment. In comparison, 27.4 percent said they moved for a family-related reason, 20.2 percent said they moved for an employment-related reason, and 10.2 percent said they moved for some other reason. I imagine the 42.2% moving for housing reasons are experiencing rising rents or other income/outflow issues.
Wednesday, February 08, 2017
Americans Moving at Historically Low Rates
I love the American Community Survey (ACS). Perhaps the most deep "dive worthy" public dataset we get from the Census. Let's just look at a few highlights including the post title. http://census.gov/newsroom/press-releases/2016/cb16-189.html • The percentage of Americans moving over a one-year period fell to an all time low in the United States to 11.2 percent in 2016, according to tables released today by the U.S. Census Bureau. Here is what I wrote 11 years ago: