Even when going after a new job, do people usually pick up and move far away from the life they've made where they are, family, friends, or do they first try to find something else nearby? If you've a family, how many different school systems are you going to screw your kid up with? Don't you want your kid to grow up with his friends if that's possible?
So the idea of a house locking you in place might happen here and there but is that normal? Or is it normal for people to want to stay put where they've built a life?
Any evidence of that....:::::googling::::::
Seems Pew somewhat PU'd Suzehttp://www.pewsocialtrends.org/2008/12/17/who-moves-who-stays-put-wheres-home/
As a nation, the United States is often portrayed as restless and rootless. Census data, though, indicate that Americans are settling down. Only 11.9% of Americans changed residences between 2007 and 2008, the smallest share since the government began tracking this trend in the late 1940s.
nearly four-in-ten — have never left the place in which they were born. Asked why they live where they do, movers most often cite the pull of economic opportunity. Stayers most often cite the tug of family and connections.
Aside from that, given reverse mortgaging during later years, the house would become effectively a bond portion of a portfolio, providing some income additional to social security, whatever pension might be available, other investments, etc.
Try living in a stock that can't kick you out. The house also will protect against inflation of rents. So I think many of the old arguments still hold some value and her claim that this new assessment of the American dream is based on population movements is not evidenced in the Pew Survey, rather it found the opposite, that people are not moving about more so but rather settling in more than ever before.
She just wants you to sell cheap now so she can raise the rents on you later.EDIT to add
(I was curious to see if I could find something more current than 2008 ) :
Here's what I think looks like the latest findings since 2000.http://www.census.gov/hhes/migration/files/5-year_migration.pdfPresented at the Annual Meeting of the Population Association of America San Francisco, CA May 3-5, 2012
The share of movers has declined in each age category since the 2000 Census, especially for age groups 5 to 14 and 25 to 44 and for both males and females alike.
So settling in not moving about is a continuing trend even given structural changes in corporate employment which cranked up when, late 80s through mid 90s? That condition has not altered this trend so her argument is 90% bogus (allowing for the 10% who just want to start fresh with a city view).