Housing is currently clearly more affordable now (well, in 2013-14, the latest data) to Australian households with a mortgage than at any time since before 1994.
This is especially striking as we know that real income has increased greatly since 1994. So households now spend a smaller proportion of an even larger income on housing.
Housing is currently clearly more affordable now (well, in 2013-14, the latest data) to Australian households with a mortgage than at any time since before 1994.
This is especially striking as we know that real income has increased greatly since 1994. So households now spend a smaller proportion of an even larger income on housing.
Well aint that jolly coming off the most extravagant credit bubble in human history, one would hope that this has translated into incomes in the suburbs. However, looking at the range of a list of %s over 20 years directionally shows nothing has changed. Of course, I wouldn't expect calculating or understanding variance to be one of your strengths.
There is also substantial evidence showing that Australians end up significantly better off (on average) if they own than if they rent.
Yes, there is.....after the greatest credit bubble in human history and the finacialization of the residential property industry. The whole world is aware of that. The question is how to calibrate and protect the status quo moving forward so the whole paradigm can be maintained.
And they're getting a larger and better appointed home for their money too.
So much for the bears and their claim that houses are unaffordable.
I think the claims that some bears were making was 100% right.. ie. that previously, a single income family could afford to purchase a home. Now, a double income family is required to purchase.
Household income has risen thanks to both partners sacrificing home time (with the kids) to work... the benifit of that has been to tread water in regards to purchasing a home.
If measured in the same way as it was for some previous generations (ie. single income family households), does this reduce the affordability ?
I think the claims that some bears were making was 100% right.. ie. that previously, a single income family could afford to purchase a home. Now, a double income family is required to purchase.
Household income has risen thanks to both partners sacrificing home time (with the kids) to work... the benifit of that has been to tread water in regards to purchasing a home.
If measured in the same way as it was for some previous generations (ie. single income family households), does this reduce the affordability ?
I don't think the "One man; One job" (with no mention of women having jobs) ALP policy from the 30s or 40s or 50s or whenever it was is actually gunna cut it these days Rastus.
Though yep sure; It's valid to recognise that things have changed.
'N PS (as I've said before) : My mob's been here for a while. So 'we' remember/'know' even :
I don't think the "One man; One job" (with no mention of women having jobs) ALP policy from the 30s or 40s or 50s or whenever it was is actually gunna cut it these days Rastus.
Though yep sure; It's valid to recognise that things have changed.
It's not about being sexist, Herbie.
I think you miss my point.
With women women working in paid work, the quality of the entire families life should rise to reflect it, not simply the price of houses.
With women women working in paid work, the quality of the entire families life should rise to reflect it, not simply the price of houses.
Well standards of living have risen - Across the board generally quite a lot I'm told?
Quality of living? That's another matter. (And possibly one that an old fashioned basket like me would be best to not get too carried away with mouthing on about) - The Youngies will choose what they want ... Hey, if they want to go back to having only one working parent per family I'm surely not stopping them ... Though they'll struggle to compete internationally where others might not make such a choice maybe?
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