Happy World Population Day, except to Elon Musk who says that humans are going extinct and should have more children, while simultaneously Elon refuses to make a Tesla self-driving minivan. In honor of this glorious day, set up after the Earth’s population reached 5 billion in 1987 (due to population collapse, Earth now has only about 8.2 billion humans (or maybe 10 billion)) , let’s take a look at a population on the other side of an ocean from us…
Gemini says Climate Change is real. Prompt and answer:
Is Climate Change real from a European perspective? I.e., is Europe hotter than it was 50 years ago and is it almost certain to become yet hotter 50 years from now?
Yes and yes. From a data-driven, scientific perspective, the physical reality of climate change in Europe matches both of your conditions.
When I asked Gemini “Create a poster for Americans to show solidarity with European heatwave victims by turning their thermostats up from 72 to 74” (no mention of skin color), it produced the following:
Note that the U.S. is a mixture of skin tones while everyone in Europe seems to be nonwhite. Could this reflect Gemini’s belief that European leaders have chosen a Climate Change adaption strategy of replacing their heat-intolerant subjects with imports from Africa and the Middle East who are, presumably, accustomed to hot weather.
Note closely related, but I love the “feels like the inside of a McDonald’s Apple Pie” phrase:
Even though France is experiencing a heatwave that feels like the inside of a McDonald's Apple Pie, the Minister of Ecology is firmly against air conditioning.
Stingy bitch Monique Barbu said that A/C does nothing to address climate change and people should adapt to global… pic.twitter.com/0kyDoQOx2r
Also, European Union regulations require that animals being transported cannot be exposed to a temperature higher than 30C, perhaps with a +5C tolerance. The European Food Safety Authority, however, says that horses cannot be exposed to temperatures higher than 25C (i.e., about 20C cooler than temps inside upper-floor Paris and Berlin apartments when it was 40C outside?).
Let’s celebrate America at 250. What have we accomplished as a people, working together, that is great? Let’s leave out our military heroics because those are regularly celebrated in statuary, political speeches, etc. Let’s leave our literature because books are usually written by one person. Same deal with software, much of which is substantially created by small teams. In the comments, please leave what you think we’ve done that has done the most good for humanity overall outside of military.
I’ll go first: integrated circuit fabrication. While the transistor was developed by a small team, including Nobel laureate William Shockley, who later set up Silicon Valley, and the IC itself was invented by Jack Kilby, it literally takes a village to fabricate ICs in significant quantities.
What are some resources that we can use to teach tweens and teens about the miracle of birth (of their smartphones)? Here are some with promise…
From our brothers and sisters in Korea (indirect shout-out to the U.S. military since the South Koreans probably wouldn’t be fabbing chips today if not for our willingless to cooperate and sacrifice as a society in the military domain):
A high school kid who built a fab in his parents’ garage and, after attending CMU (“the school that actually builds instead of talks”), runs his own semiconductor company (example of American suburban greatness; Europeans don’t have A/C and they don’t have garages so Sam Zeloof’s counterparts in the Old Country wouldn’t have been able to do this):
Happy birthday to us and maybe readers will come up with an even better idea for something that Americans working cooperatively can take pride (not “Pride”) in!
What did I reject? Air conditioning, even though Carrier World HQ is a few minutes’ drive from our house and A/C has enabled people to work hard and achieve in parts of the world where that was never previously possible, because it was mostly achieved by one person. I also rejected aviation, even though the U.S. did a lot at the systems level (airports, radio comms, air traffic control, etc.) because there were contemporaneous efforts in other nations as well. I rejected spaceflight because the Russians started it and the impact on humanity from our headline space achievements has been limited (communications satellites have had a huge impact, of course, but we weren’t the first to put a radio station in orbit). I rejected politics because most countries that have a U.S.-style government, rather than a parliamentary system, have devolved into dictatorships.
(What did our AI Overlords suggest? ChatGPT: “Immigration and assimilation at massive scale”. Gemini: “Eradicating Disease & Public Health Breakthroughs” (absurd; all of medicine relies heavily on European biology, especially German) and “The Interstate Highway System” (guess which German got there first?); Grok: “Genome sequencing and biotech” (how much benefit has humanity actually derived from this? where exactly in America was Francis Crick born?); Claude: “The development of the polio vaccine (Salk and Sabin)” (“American” Albert Sabin was a Polish Jew born “Abram Saperstejn”; Salk was an American Jew, but how many collaborators did either of these guys need? This wasn’t a collective achievement) and “The long, hard-won expansion of civil rights” (absurd, since we’re informed that DEI remains essential due to rampant discrimination and a lack of civil rights, e.g., Republicans preventing nonwhite Americans from voting by requiring ID) and “The Interstate Highway System” (Claude says that it was only “influenced by Hitler” and not “inspired by Hitler” so I guess that’s okay to label as 100% American).)
Happy July 4: Why doesn’t Congress do anything? (representative of my non-250th July 4th output, from 2018) “We celebrate our traitorous rebellion against a legitimate government so that we could govern ourselves and yet it does not seem that our current government is any more responsive to the people than was King George III and his Parliament. Politicians ask for our votes by saying that the current set of laws and/or implementations of laws is intolerable. Yet once they get elected and the paychecks begin to flow they don’t seem inclined to change anything.”
Music for the day, by Louis Moreau Gottschalk (2021 performance). Wokipedia says that Gottschalk was rejected by the Paris Conservatoire not for his Jewish background, but because he was American and “America is a country of steam engines”. (Ironic that in the subsequent the U.S. not only ran away with industry, but also with dominance of the music world. The French turned out to be comparative failures at both industry and culture.)
Back in 2023 I wondered Where are the gardens and museums created by the Silicon Valley rich? That’s still a good question, in my opinion. Elon Musk is a trillionaire. In addition to voluntarily paying whatever taxes Elizabeth Warren deems fair, why hasn’t he built off-the-charts open-to-the-public gardens near his spaceports? It’s Elon Musk’s birthday today so maybe he will decide to think about the little people for once…
Earlier in June 2026, we visited the Bloedel Reserve, a 140-acre garden surrounding a fancy house that was all built by a lumber executive and his wife. It’s on Bainbridge Island, a suburb of Seattle made possible by the ferry system.
After they got too old to really use it, they turned it over to the public. Walk through the swamp:
Then over the bridge:
Then through the ferns:
Then arrive at what passed for a “mansion” in the days before trillionaires:
If you’re not a Floridian insistent on warm water, it’s a beautiful view from their back yard:
Everyone needs a Japanese tea house and garden to accompany it:
Speaking of Japanese, how about a moss garden like Saihō-ji in Kyoto?
Land Acknowledgement
The nonprofit that runs the garden admits that the land is stolen. Instead of giving it back to the rightful owners, however, they will somehow “honor” the rightful owners by charging everyone, including the rightful owners, $29 to enter (or $1 for those on welfare who show up with their SNAP card). Reserve in advance because they limit the number of people per hour who enter, a coronapanic innovation that they decided to maintain (or maybe they’re still trying to promote social distancing?).
Who is today’s Anti-Bloedel? I nominated succcessful divorce plaintiff MacKenzie Scott Bezos. Wokipedia says that she gave $26.3 billion to various non-profit organizations, including universities, since 2020. This money, nearly 100% of which was unrealized capital gains, was never taxed by the U.S. Treasury or Washington State (with its fresh new capital gains tax that gave us Jeff Bezos, the Starbucks billionaire who said he wanted to pay more tax, et al.), has apparently disappeared without even a ripple in the waters of the various lakes of crises facing the U.S. Perhaps some nonprofit executives have enjoyed higher salaries as a consequence, but the issues she claimed to care about at the outset of her giving (“racial equality, LGBTQ+ equality, democracy, and climate change”) have all gotten worse. Elon Musk ran away with all of the money and he isn’t Black. Scott Weiner, who represents the full Rainbow Flag spectrum, was recently attacked in San Francisco. Donald Trump was elected to a second term as President (proof that “democracy” doesn’t exist in the U.S.). Climate change, as evidenced by the fully baked Europeans, has gotten far worse. If Sam Bankman-Fried was an “effective altruist” maybe MacKenzie Scott Bezos can be characterized as an “ineffective altruist”? Or maybe altruism simply isn’t effective in the aggregate?
Here’s hoping that MacKenzie Scott Bezos will build herself a magnificent mansion with gardens and, following her death in 2070 (she identifies as female and, therefore, due to all of the disadvantages that women suffer, is likely to live only to age 100), will donate it to the public.
White-collar men in the 1950s often characterized their world as a “rat race”. If college-educated, they competed with only a small subset of Americans for high-paid desk jobs. Men in the 50s did not compete with immigrants because substantial importation of humans into the U.S. stopped in 1924, not to be restarted until President Johnson signed the Hart-Celler Act in 1965 (see below). A house in a safe suburb with good schools and A/C could be purchased, at the end of the 1950s, for about one quarter the cost today (in real dollars; see $112/month to live in a brand-new house in Bowie, Maryland). Relative to income, a house cost about 1.7X annual salary vs. over 5X today (ChatGPT table below). Partly due to this low cost for housing in a safe suburban neighborhood with decent schools ($1+ million today?), a man’s income was generally sufficient to support a wife and 2-3 children as well as himself. Sex outside of marriage was discouraged both legally and socially and, therefore, the man would usually be married before age 25. No-fault divorce (“unilateral” in research parlance) did not exist and, therefore, if the man wasn’t behaving outrageously (beating the wife, drinking heavily, failing to work, having affairs), the wife couldn’t profit via a divorce lawsuit (a divorce might be arranged by mutual agreement, of course). In addition to marital security, the 1950s man often enjoyed a lot of job security from (1) the lack of competition in the labor market, and (2) the tendency of large companies to provide lifetime jobs, which today is limited to government work.
What’s the correct term for what similar men face today? They inhabit a world in which you can’t spit in the street without hitting a college graduate. Men must compete with women for jobs and, despite women being more likely to earn college degrees, be passed over for hiring or promotion when a company decides that “diversity” is its strength. If a female or favored minority human competitor doesn’t take the white-collar man’s job, Claude is ready to replace him. The companies that once offered native-born Americans jobs for life are now home to platoons of H-1B “non-immigrant” immigrants.
A house in a neighborhood with low crime, an orderly familiar culture, and good schools, is about 10X the median college graduate’s income (5X for houses overall, but the typical suburb is no longer a white picket fence idyll). A college education for the kids, so that they can get into the “rat race” that the parents ran, is now 5X more expensive state colleges and 9X more expensive at elite Queers for Palestine-type schools . (ChatGPT on the history of federal government programs to make college more affordable: “GI Bill for veterans in 1944, first general federal student loans in 1958, major modern federal aid framework in 1965, and Pell-style direct grants in 1972/1973”)
Where in the 1950s he likely partnered with a virgin aged 20 (ChatGPT says 10-25% of 1950s brides might have had sex with someone other than their fiancé/husband), today he’s with a 30-year-old veteran of the sexual revolution. If he is persuaded to marry her, she can sue him for divorce a day later for any reason or for no reason. For men who strayed in the 1950s and got sued for a “fault divorce”, the resulting financial drain was primarily alimony and it lasted only a few years because the plaintiff would remarry and that shut down the alimony revenue stream. The risk of losing his role as a father was controllable due to the requirement that a plaintiff find a “fault” ground, such as infidelity. If a man gets sued today because the wife found someone she likes better, the man can lose his “father” role, and access to the young people who used to be his children, due to factors entirely beyond his control. The man’s biggest financial exposure in a divorce lawsuit is typically “child support” (paid to an adult female to spend on whatever she wants, not to a “child”), which can last for 23 years (Massachusetts) or 21 years (New York) even if the plaintiff has married her lover and that lover earns far more than the defendant and even if the lover is the biological father of the child (nytimes: “I pay child support to a biologically intact family, a father and mother, married, who live with their own child.”). (In the cases where alimony is the primary profit from a divorce lawsuit, the defendant might be paying for 50 years because there is no longer any social pressure for the plaintiff to remarry. She can have sex with 100 men and write a magazine article about the “single MILF” lifestyle and this has no impact on her cash entitlement.)
This is not to say that American in the 1950s was better overall, of course. We had been starved of enrichment via immigrants since 1924 and, therefore, weren’t as strong under the “diversity is our strength” axiom. We didn’t have Internet or LLMs for personal use. A 1950s car, though beautiful in our museums today, came out of the factory as a junk heap compared to a 3-year-old Toyota today. We had three TV channels to watch on a 21″ CRT. But in terms of career security and personal life security, the 2020s are inferior to the 1950s. So, returning to the title question… if the 1950s were a “rat race” for white-collar men, how would we characterize the situation today?
Loosely related…
I really want to find a wife but man where do I even look?
All the girls I work with are whores.
All the girls from my university are whores.
All the girls I meet on tinder are whores.
Where do I even look?
Being born in Gen Z is the worst experience ever.
I’d gladly give…
— The Right Wing Patriot (@DavidRobinr0) June 22, 2026
A post on X from an offensively titled username so I’ll just copy the text:
White Americans and Europeans are the ONLY people worldwide that are EXPECTED to compete with the ENTIRE world for jobs.
50+ years ago White men with STEM degrees got good jobs. Things like engineering or applied mathematics guaranteed a good career.
Now we are required to compete against not just our own people, but the brown and black hordes worldwide that are willing to work for pennies.
It was an ECONOMIC CRIME committed against our people.
(I post this not for the truth or falsehood of what the author writes, but for the expression of a feeling of insecurity and, therefore, pressure even worse than the rat race of 50 years ago.)
Americans have collectively decided, through our elected representatives, to boost U.S. population to Chinese/Indian levels, mostly via low-skill immigration:
Democrats now agree with Republicans, apparently, that cheap oil/gas is desirable and that Climate Change (TM) need no longer be fought by cutting CO2 emissions.
If the heat in the Lower 48 becomes unbearable and the seas inundate Boston, New York City, DC, Miami, and other major coastal cities, Alaska seems like a natural evacuation destination. There is plenty of high ground in mountainous Alaska and the weather is pleasantly cool all year along the coast. The all-time record high for Juneau is 90 degrees, set in July 1975, and the average daily high temp for Juneau in July is 63.
One critical problem with life in the low-density parts of SE Alaska is transportation. Today’s airplanes typically can’t fly in the 0/0 foggy conditions that often plague this part of the country. There isn’t a high enough population density to support frequent nonstop flights among the various towns, nearly all of which are cut off from any road network, e.g., due to being on islands. The fabled Alaska Marine Highway (see Chapter XII of Travels with Samantha) is expensive and infrequent, perhaps partly due to the Jones Act that requires them to use U.S.-built vessels and that prevents an Asian-run company from offering competitive service. Below, the Alaskan-built MV Hubbard (cost $60 million in pre-Biden dollars; a “dayboat” that holds 53 cars; launched 2019):
What about a machine that can fly itself the 40-80 nm. legs that are required to get around this part of the world and that can navigate safely around terrain via reference to GPS and a database? That’s the autonomous electric aircraft (vertical takeoff and landing isn’t necessary, actually, since nearly all of these places have high-quality airports/runways, but eVTOL would work). Could that encourage more Americans (and “New Americans”) to settle in this part of the U.S.? Want to see a friend or shop? That will be a 20-minute flight. Need to see a medical specialist? The regional hospital in Juneau can be reached easily and you’ll be home in time for dinner. Need to be evacuated to Seattle or Anchorage for specialized hospital care? That’s done with a 20-minute electric air ambulance ride followed by a jet flight.
We’ve already seen this trend to some extent with islands for the rich. Martha’s Vineyard and Nantucket weren’t beyond peasant means until private jet ownership became common. A house near ACK had no value to a rich Texas family until the rich Texans got their Gulfstream and could fly directly to ACK rather than flying commercial to Boston and taking a piston-powered airplane or the road+ferry.
My April/May sojourn in Boston was plagued by traffic jams far worse than anything I remember from our pre-coronapanic life there. Mobility for the Righteous is seriously compromised by a road network that was substantially completed circa 1970 for a population of 4 million and is now being used by a population of 5 million, each of whom is more likely to own a car (registered motor vehicles per 1000 Americans has gone from 534 to about 875 today) and each of whom is more likely to use a car than to ride public transit (MBTA ridership among people who call themselves environmentalists remains roughly 25 percent below 2019 levels). I didn’t do any trips during traditional rush hour, but still was slowed to a crawl except after 8:30 pm.
Here’s a 7:14 pm 3.6-mile route that Google expects will take 27 minutes, i.e., less than 8 miles per hour.
I wasted more time in traffic during this 10-day trip that I do in a year in and around Jupiter, Florida (that includes West Palm Beach, a reasonable-sized city, and Stuart, a small city). Bostonians who experience this every day remain passionate supporters of open borders and, thus, of population growth (growth without regard for available resources is usually called “cancer”!).
I’m wonder if Americans in general and Bostonians in particular have been lulled into complacency regarding traffic jams because their cars are so much more comfortable than cars in 1970, when traffic flowed much more freely:
I couldn’t rise to the local level of traffic jam tolerance, unfortunately, because I had borrowed my neighbor’s 12-year-old Mini, which lacked functional air-conditioning. I was literally stewing while sitting in long lines at red lights. The manual transmission was occasionally fun, but was mostly an annoyance in stop-and-go 3 mph traffic.
(I don’t think traffic in Boston will be solved by robot cars. Unlike in Florida, the typical intersection lacks dedicated left and right turn lanes. Unlike in Florida, the major roads can’t be widened. Unlike in Florida, the typical urban street in Boston/Cambridge is actually getting narrower over time as four-lane roads turn into two-lane-plus-two-bike-lanes roads.)
Loosely related, people who live in Cambridge want their local government to “fight the Trump administration” rather than try to reduce traffic congestion:
Before this campaign had a platform, it had a postcard. One question across four cities: what matters?
71% said housing. 61% said fighting the Trump administration. 51% said traffic.
— Burhan Azeem, Cambridge Vice Mayor (@realBurhanAzeem) May 7, 2026
Also, the MBTA is adding elevators to a subway station. It will take three years:
Beginning June 6, Symphony station on the Green Line E Branch will close for nearly 3 years as we complete safety, accessibility upgrades. Trains will bypass Symphony so we can modernize it with 4 new elevators, raised platforms, & improved wayfinding.
Three years is how long it took the Chinese to build an 800-mile 200 mph train from Beijing to Shanghai. This includes the world’s longest bridge. Up to 800,000 people per day use the train.
Cambridge, Maskachusetts turned down a fiber-to-the-home deal with Verizon FiOS roughly twenty years ago. Rumor had it that Comcast was funding some pet projects for politicians and, therefore, Verizon couldn’t get authorized to compete with Comcast (not yet “Xfinity”).
As part of the process of unloading my old condo in Harvard Square, I tried to figure out if fiber-to-the-home had become available without me noticing. The answer is “sort of”. More than 90 percent of the city is remains a Comcast-only (Xfinity) territory. But the city has provisioned symmetric gigabit fiber to city-owned public housing apartments. Those entitled to public housing pay $35/month for Internet that those who pay property tax could only dream of having. (It might actually be free for those who refrain from working; there is a Digital Equity Plan to relieve people of this $35/month and multiple full-time “digital navigators” get paid to help those who don’t work maximize their enjoyment of free or near-free Internet.) Jesus pointed out, “The last will be first, and the first last” (Matthew 20:16). This translates to “gives [public housing] residents access to the highest internet speeds available in Cambridge at the lowest cost.”
The person who pays $100/month in rent (including utilities) gets faster and more reliable Internet than the person who lives in a $10 million house on Brattle Street and pays property tax. The taxpaying chumps will get hit for $100/month by Comcast for comparatively terrible service.
What does a person who hasn’t worked for four generations do with Gigabit fiber? Streams multiple movies and sports games in 4K:
What do Cambridge officials work on besides keeping their tax cattle in an Xfnity ghetto? Mayor Sumbul Siddiqui was born in Pakistan and might have enjoyed fiber-based Internet there if her family hadn’t chosen to enrich us here: “Fiber-to-the-home (FTTH) internet is growing rapidly in Pakistan, with over 2.6 million subscribers as of February 2026.” (Google AI). City Hall was hosting a “Sexual Assault Awareness Month” event instead of a “Escape the coax ghetto” event:
Here are some of the shirt-based messages:
The one with the Star of David was almost next to a sign showing that future Cambridge residents will be, like the current mayor, primarily Islamic:
Why would the mayor highlight sexual assault instead of the monthly assault of residents paying high prices for inferior Internet? Wikipedia says that her family never got out of taxpayer-funded housing (Rindge Towers and Roosevelt Towers; sometimes enrichment by migrants means native-born taxpayers have to pay for the migrants’ apartments for 20, 40, 60, or a few hundred years (multi-generational)). So, from her family’s perspective, Xfinity’s monopoly and decades-old infrastructure is irrelevant.
(Note that folks in Maskachusetts don’t seem to be serious about discouraging what we now regard as sexual misconduct. Age of consent is 16, which means that everything Jeffrey Epstein is established to have done would have been legal in Boston. (He admitted to some sort of sex act with a 16-year-old.) It would be almost impossible to prosecute an Epstein imitator in MA because he could raise the “she consented” defense.)
Just as GLP-1 drugs hit the mainstream, the last of us Baby Boomers hits the minimum Social Security retirement age (1964+62=2026).
Working-age slaves pay taxes to fund Boomers’ Medicare. These costs will increase because GLP-1 drugs are expensive. Working-age slaves pay taxes to fund Boomers’ Social Security (our beloved Ponzi scheme). Boomers will now live 10 years longer because they’ll all be back to their design weight via GLP-1. A Boomer who lives longer will drain Social Security, thus forcing those of working age to pay higher tax rates and/or receive lower benefits themselves (maybe those of current working age will become eligible for Social Security at age 85?). A Boomer who lives longer in a state such as California will hog prime real estate due to Proposition 13 that caps property tax increases on long-held real estate (we have the same thing in Florida, but it is limited to a primary residence). Boomers who are mostly blind will inflict massive traffic jams on those of working age by going for jaunts in their self-driving cars, thus stealing time from the working age Americans who support the comfortably retired.
Here’s the latest expensive drug (Retatrutide) that the working age slaves will have to buy for us Boomers:
Google AI: “Experts estimate the monthly cost could range between $1,000 and $1,500+ once available. … Phase 3 trials are expected to conclude in Q3 2026, with potential commercial release following afterward.”
It’s beginning to get hot here in South Florida. Rich people without kids generally stay in Florida for 4-6 months per year, 183 days/year if they’re anxious to preserve Florida as their primary residence/tax domicile. If that’s how people with infinite money live we can presume that it is a good way to live, I think (perhaps the Jeffrey Epstein and friends situation is a counterargument to that principle).
Carl G. Fisher created Miami Beach and, for his second act, wanted to build out Montauk on Long Island as the summer home for all of his customers.
What if we adapt Fisher’s idea for families with K-12-age kids? We set up a school that operates mid-October through mid-April (183 days/year or a little more) in Florida and then shuts down for a week while everyone moves up to New Hampshire. The kids can finish their school year up there and then the enterprise segues into summer camp mode, with activities all day every day for the same kids. The family can enjoy the best weather/seasons in the two states. The family won’t have to pay any state income tax (constitutionally barred in Florida so that should remain the state for 183+ days; NH could have an income tax, but presently does not), even if work is done in both places. The kids and adults will have built-in social circles in both places. If a great teacher doesn’t want to move, he or she can stay in Florida year-round and do the beginning and end of the school year virtually while the in-classroom students are organized by someone who is primarily a camp counselor.
The New Hampshire operation would run like a “family camp” in which everyone could meet for meals 3X/day if desired. Florida already has tons of restaurants and recreational facilities, so it would be more of a standard family life during the winter.
The main objection that I can see to this idea is the difficulty of scaling immediately to a sufficient size. A school with fewer than 200 students would presumably be overwhelmed with regulatory compliance costs and classes of fewer than 18 students would likely seem lame. Rich people are drawn to elite schools and it would be tough for an upstart traveling school to compete with The Greene School in West Palm Beach (founded by a billionaire; gifted students only) for quality, actual and perceived.
Also, there’s the question of where in New Hampshire to locate. Portsmouth has a fantastic airport, a beautiful river and ocean access, but it is expensive. Lake Winnipesaukee has a good airport (KLCI) and is in a traditional area for summer camps, but it is more isolated. The border towns with Maskachusetts could work because they provide quick access to Logan Airport for summer vacation trips, etc.
Obviously this wouldn’t work for most of the parents of the 3.4 million-ish school-age children who live in Florida, but why couldn’t it work for the parents of about 200 children?
More recent new construction hasn’t replaced America’s graying housing stock, meaning the age of the median home is a record 44 years, according to the Harvard Joint Center for Housing Studies.
The cost of home maintenance, even after accounting for broader inflation, has jumped. Structural repair costs grew by about 14.1% in real terms between 2022 and 2024, according to the Federal Reserve Bank of Philadelphia. Plumbing jumped by 23.6%. The increase reflects the rising cost of individual parts and labor, and the larger size of necessary repairs.
This is on top of the rising costs of home insurance, property taxes and homeowners association dues, which are making it prohibitive for many to simply own a home, not to mention buy one.
The newspaper says “it [is] prohibitive for many to simply own a home, not to mention buy one” and at the same time tells us that the U.S. should have increased immigration, i.e., more demand for a relatively fixed supply of houses.
Our shabby/old house by Palm Beach County standards is 23 years old and that puts us in the top 25 percent of home youth:
Getting close to my 4% number:
Financial advisers traditionally suggested setting aside 1% of a home’s value annually for upkeep, but many now argue that isn’t enough. While 1% may cover routine upkeep, 2% to 3% provides a more realistic cushion for expected maintenance, home-improvement projects and unexpected repairs, particularly for older homes, said Angie Hicks, co-founder of home-services company Angi.
The Americans who were most eager to lock themselves into their homes during coronapanic will now bear a heavy burden:
Forty-nine percent of all improvement spending is now for necessary replacements like HVAC that owners can’t delay, said Rachel Drew, director of Harvard’s Remodeling Futures Program. The financial burden is particularly heavy in regions like the Northeast, where homes tend to be older.
Speaking of old, the article highlights the inability of folks in the Northeast to adapt to changed circumstances:
Mindy and Joseph Mevorah own an 88-year-old colonial [“more than 3,500-square-foot”] in Sands Point, a New York City suburb with plenty of old homes that is often considered an inspiration for “The Great Gatsby.” The house is due for a new coat of paint, a task they know to approach with caution. … “A new brick next to an old brick would look terrible,” said Joseph, 66. … The Mevorahs have stayed in their home for 29 years … They have a pool that could be a draw for future grandchildren. … When replacing their copper gutters a few years ago, they considered switching to aluminum, which would have been cheaper, but ultimately stuck with copper to preserve the home’s integrity. After all, they expect to be there for many years to come.
A 66-year-old in Florida whose kids were grown wouldn’t stay in a 3,500-square-foot wreck of a house. The Floridian would recognize that different kinds of real estate are suitable for different phases of life and likely move to a condo or small new house.
Circling back to the immigration theme… how can end-of-career financially comfortable Americans who struggle to afford house maintenance imagine that the U.S. can afford to house tens of millions of additional welfare-dependent low-skill immigrants?
