72. Making Big Decisions In Difficult Times

The After 30 Podcast

What requires decision making right now? We chat through some of the big decisions we're facing. witnessing, and reading about. We take you through our process of decision making with the ongoing pandemic, raise the questions around the decision making, and speak to the multi-faceted dimensions of this moment.

REFERENCES:

Real Estate

https://www.theglobeandmail.com/real-estate/toronto/article-covid-19-concerns-have-altered-home-buyers-preferences-study/

• ⅓ of adults active in Ontario real estate industry the pandemic has changed what they want in their next home. 30 % of participants said they wanted a bigger home with more space and 19 % said they wanted access to more outdoor space.
• “COVID has really turned the market towards suburban living in a much more profound sense,” Mr. Boekelman said. “Longer term, people are commuting less and they’re working from home and so the term ‘live-work housing’ is now really the norm, whereas previously it was considered unique in terms of marketing and zoning permissions.

Families:
https://www.theatlantic.com/culture/archive/2020/08/pandemic-changing-my-mind-about-having-kids/614896/
https://www.cbc.ca/news/health/covid-19-birthrate-1.5670539

• One legacy of the pandemic may be less judgment of the child-free.
• "When it comes to the impact of COVID-19 on fertility intentions, what we're seeing all over the world is that people are choosing, in large part, to delay, defer or just not have a child or additional children at this time."
• "Throughout history, spikes in mortality owing to events such as wars, famines, and pandemics were followed by changes in fertility, resulting in fewer births in the short term and by recuperation in subsequent years."

Relationships

• Divorces have increased during the coronavirus pandemic and lawyers are expecting more
• But the COVID-19 pandemic has created an environment for divorce that is much worse than he has seen during prior economic crises, he said.
• Shulman says his firm has seen a 40-per cent increase in inquiries about divorce since the pandemic began.
• “Those economic pressures, with people losing their jobs, their businesses…this uncertainty is adding significant stress on relationships that have already been strained before COVID, but this brings it to a new level,” he said.
  

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