What was the mathematical question? ... " I'm the one with all the houses " bahahahaha IQ test : how many houses do you have? Hahaha Keep em coming... classic
Indeed. I miss the old GHPC days when the bears had some intelligence. Even Moops could mount a better argument than this lot. Most of their posts are just random nonsense interspersed with 'bahahaha'.
Indeed. I miss the old GHPC days when the bears had some intelligence. Even Moops could mount a better argument than this lot. Most of their posts are just random nonsense interspersed with 'bahahaha'.
Small amount of debt. Pretty insignificant relevant to the equity. (yes yes, I know, the equity is all going to vanish in a few months when the 60% crash finally arrives etc etc ).
Meanwhile, Sydney rents are higher than they have ever been in recorded history. Tough times for the renter caste...
Supply is tight and rents have continued to rise for the March quarter.
May 17, 2017
As the end of the week rolls around, Albert Santos and his fiancee Jenny Armas have little left in the bank to get by.
After paying for groceries and bills, they then fork out almost half of their income on rent for an old two-bedroom apartment in Parramatta. Saving for their wedding, let alone a first home, is pretty much out of the question.
“We’re paying $430 a week, that’s more than $1700 a month, that’s about 40 to 50 per cent of our joint income, and we’re lucky it’s not much more,” Mr Santos, a freelance writer, said. Ms Armas is an occupational therapist.
Rental affordability in Sydney has fallen to a record low, with the average tenant spending 29 per cent of their household income on accommodation, pushing them towards the rental stress threshold of 30 per cent.
The latest Rental Affordability Index (RAI) shows great tracts of Sydney are out of reach for families on moderate incomes of $140,000.
A single parent earning $70,000 would struggle to rent an affordable two-bedroom home within 40 kilometres of Sydney’s CBD, according to the data to be released on Tuesday.
The executive officer of Australia’s peak housing body National Shelter, Adrian Pisarski, said Sydney was the least affordable part of Australia with no signs of improvement.
“It’s deteriorated further – we didn’t think that was possible in Sydney,” he said.
“The lower down the income scale you go, the worse it gets but even for moderate income earners, much of Sydney is unaffordable. Renters in Sydney are right on the threshold of disaster. The average renter is approaching housing stress.”
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