“This student, like many others, isn’t just responding to an immediate economic calculation. He’s also caught in an invisible (and increasingly visible) demographic force: America is running out of people his age. Even if colleges fixed their cost and value proposition tomorrow — even if tuition dropped and job prospects improved — there would still be fewer students like him to fill seats. We are hitting peak 18-year-old, and the decline is just beginning.”
Absolutely interesting headline. Imagine instead a simple neighborhood built for 10 families surrounding a school for their kids. The families are 20 and 30 somethings since they just had kids. The kids walk to school every day. First the school has to be mostly kinder garden. Then first to 5th, then 7th to 9, then 10 to 12. Finally it becomes a university. At that moment the kids move away to other places. Their parents move to Florida and the cycle repeats itself. The houses get sold to young couples etc.
That’s in a nutshell why the housing economy is terrible. And also how home selling companies see our homes. They see our homes as part of some larger baby making machine. We get in the way after we’ve done our part.