the share of 30-year-olds who are both married and homeowners is collapsing. we keep framing this as a cultural story — young people don't want the same things — when it's at least as much an affordability story.

marriage and homeownership were historically the two biggest predictors of middle-class wealth building. shared expenses, a two-income buffer, compounding equity, etc. when both decline in the same cohort at the same time, it’s a sign (at least to me) that there’s a larger affordability issue at play here.