Biblically speaking. If a man/household needs a first wife's outside income, is the husband right in seeking additional wives?

[Mojo]

House prices?

I saw data proving childcare (school and kindergarden) eating everything wife earns.

It’s not my quote or video. I just posted a quote from the video maker. I’m not sure all his details are correct but I believe his overall point is valid. A second income isn’t necessarily going to put a person on a better financial position if your family falls into the “trap”.

 

[steve]

The trap is real, and this doesn’t even mention the possibility of workplace alienation of affection. A very real additional factor.

 

[Mojo]

The trap is real, and this doesn’t even mention the possibility of workplace alienation of affection. A very real additional factor.

No. It doesn’t.
It wasn’t that type of video. It’s more economics or financial planning geared, not even remotely spiritual or necessarily philosophical.

The housing issue was brought up to explain that housing costs have skyrocketed partly because of the trap. Bids for houses go up once the combined earners use their income to bid on desirable locations. A single income would exercise caution and try to make a realistic bid. So, now the base price of housing automatically assumes two incomes…two incomes that are now both maxed out with no wiggle or emergency space. That’s the trap.

I encourage folks to view the video. It’s not very long.

 

[MemeFan]

No. It doesn’t.
It wasn’t that type of video. It’s more economics or financial planning geared, not even remotely spiritual or necessarily philosophical.

The housing issue was brought up to explain that housing costs have skyrocketed partly because of the trap. Bids for houses go up once the combined earners use their income to bid on desirable locations. A single income would exercise caution and try to make a realistic bid. So, now the base price of housing automatically assumes two incomes…two incomes that are now both maxed out with no wiggle or emergency space. That’s the trap.

I encourage folks to view the video. It’s not very long.

Realistic bid is also for both incomes. If it doesn't make sense to financial overspend with one income, it also applies with two income.

Real reason of housing pricing going up are low interest rates (buyer can raise bigger debt, falling for 4 decades till this one), growing population, housing mandates raising cost of building (various regulations, start with zoning and building codes) and less permiting (so supply growth is slower than demand), Cantillion effect (creation of new power transfer buying power throught time to those who have first get new money).

 

[Mojo]

Realistic bid is also for both incomes. If it doesn't make sense to financial overspend with one income, it also applies with two income.

That’s the trap, exactly.

Obviously there isn’t one factor in rising home prices. Dual incomes is one of them.