Find a place that a single person can rent at an affordable level in the Perth metro area for $202 per week or less.
Why $ 202? That is 1/3 of the minumum wage and a commonly accepted definition of affordability is if you are paying more than 30% of your income and you are in the bottom 40% of earners you are deemed to be in housing stress.
Now, I did a quick search and all i could find was student accomadation (shared) and straight up shared accomadation.
I have yet to find any self contained dwelling that can be rented for 202 per week in the Perth metro.
Just out of curiosity, why is shared accommodation excluded? Why does a single minimum wage earner require anything more? I only ever lived in shared accommodation when I was single and only moved into something bigger when I got married and had kids.
Find a place that a single person can rent at an affordable level in the Perth metro area for $202 per week or less.
Why $ 202? That is 1/3 of the minumum wage and a commonly accepted definition of affordability is if you are paying more than 30% of your income and you are in the bottom 40% of earners you are deemed to be in housing stress.
Now, I did a quick search and all i could find was student accomadation (shared) and straight up shared accomadation.
I have yet to find any self contained dwelling that can be rented for 202 per week in the Perth metro.
Just out of curiosity, why is shared accommodation excluded? Why does a single minimum wage earner require anything more? I only ever lived in shared accommodation when I was single and only moved into something bigger when I got married and had kids.
We can include it.
But my original assertion, as quoted by Shadow, did not.
Sharing is, ultimately, a vastly inferior form of tenure to having sole dominion of your own living space.
Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?
The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly. Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
But as I showed above... people can actually BUY in Perth for around $200 per week! So they don't need to rent or share.
Quote:
a commonly accepted definition of affordability is if you are paying more than 30% of your income and you are in the bottom 40% of earners you are deemed to be in housing stress
This is irrelevant nonsense. The question is whether it can be done, not whether it might a a bit tough or 'stressful' for some people. Who lives a totally stress free life anyway? These generic definitions of 'stress' are daft anyway. Why 30%... seems like a nice round number? Why not 23.6% or 32.4%?
But my original assertion, as quoted by Shadow, did not.
Sharing is, ultimately, a vastly inferior form of tenure to having sole dominion of your own living space.
I see. You reckon that not only is a house a right but every single person has the right to a house for his/her exclusive occupation.
That's going a bit further than "shelter".
Well, when did you stop living in shared accomadation? And why?
Shared accomadation works well for young people just starting out but what about single people who are much older or pensioners?
Its not that crash hot then is it?
Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?
The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly. Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
But as I showed above... people can actually BUY in Perth for around $200 per week! So they don't need to rent or share
No, Im not, or what is it you guys say? Youre making that up.
It is entirely legitimate to assert that what constitutes safe and secure housing tenure for, say, a middle aged widower, is a self contained dwelling.
What do you think Granny flats are for?
As for your rubbishing of the affordability metric, you can take it up with AHURI or any of the other housing research bodies who use it all the time. Have you got a better one handy?
Andrew Judd
29 Jan 2013, 05:23 PM
Veritas
29 Jan 2013, 04:58 PM
We can include it.
But my original assertion, as quoted by Shadow, did not.
Sharing is, ultimately, a vastly inferior form of tenure to having sole dominion of your own living space.
What do you mean by your own living space?
I know you do not mean your own parks and gardens but are you saying a room with a bed chair and table is not a living area?
You need to be more specific - you can get your own big room in a house share - with a big door to the garden and so forth .
Lets say suitable for the person in question so:
share house- suitable for single 20 or thirty something.
studio or 1 bedroom unit- suitable for someone middle aged or above.
Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?
The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly. Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
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