Housing Hypergamy

NYTimes: Thanks to the now-abandoned one-child policy, China has more young men than young women, setting off a male-led surge to buy homes to make themselves more appealing husbands. Shang-Jin Wei, a Columbia University business professor, found that rising real estate price increases in 35 big cities were strongly correlated with lopsided gender ratios.

CNN tells us that “When it comes to dating, homeownership can be the ultimate aphrodisiac,” so the effect may not be confined to China.


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