Re:The Future of Moving
by HenryBemis on Tuesday February 04, 2020 @04:46AM
(#22233885)
I thought of the same exact video (they got the service for free in return for the video/promo/shout-out).
I have watched most episodes of Shark Tank. I remember than when a 'pitcher' starts with the phrase "XYZ industry is a $$$$ billion business in the U.S., look like an upcoming target for disruption", the sharks start rolling their eyes. That person usually doesn't get the funding.
> As we've reported, Americans are generally moving less
We (the people not living in the USA) think that USA residents buy and sell houses 'frequently'. Buy --> wait --> price goes up --> sell --> buy the next house.
I think that a critical contribution to moving less is the financial crisis 2008-2018 it would make sense that people were stuck to the houses they bought, unable to perform the aforementioned loop, thus moving less.
It's not just people who own houses that have to move between them. Most millennials haven't even bought a house yet. But they still need to move between apartments, and that happens on more frequent time scales than someone buying/selling their home. If I had to guess, the average lease in a city for 20-30 year old tenants is between 1 and 3 years. It's not uncommon to move three times in a five year period.
Part of it is that, if you're single and renting, you're probably more likely to move closer to a new job to avoid even a relatively modest increase in commute time. Whereas, if you own a place--especially if there are other considerations like a partner or kids--you'll likely just suck up a longer commute to stay where you are.
[1] https://www.youtube.com/watch?v=ynEjnebw8LA