Rent too damn high - but why? Less than 1% of Sydney rental properties affordable on low incomes; Sydney's high rents force many low earners into rental stress
Tweet Topic Started: 29 Apr 2013, 08:50 AM (5,145 Views)
I am surprised that you think this is a "problem". Surely you want higher and higher rents when you be "collecting da rent"?
The numbers don't add up. What is a "major city"? What proportion residents live in so called "major cities" in each country?
The UK number compared to Aus is absolute codswallop and in no way reflects reality or the plight of the low paid worker.
No Olmule - I am a bit of a leftie really. I grew up not too well off and I am concerned about affordable housing, tho I am against public housing ghettos. I have no desire to see boom time price rises or rent rises. I have not increased my own tenants rent for our house in Sydney for several years, coz I like them and the rent is good enough for us and our expenses.
Check the link it explains exactly how the data is collected, I was only trying to back up my point that this is a global issue and not unique to Sydney
Definition of a doom and gloomer from 1993 The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
I was expecting Shadow and co tell us that low income earners should be content to share a house with 10 others, 100km from the CBD and that they are overentitled whingers.
The self-entitled whingers are the bears who think they deserve a house for half the price other buyers are willing to pay, and so spend their lives complaining bitterly on the internet about speculators and Ponzi shemes and bubbles and vested interests while doing absolutely nothing constructive to improve their miserable position. Those whiny bears will end up renting forever, wondering why so many other people are somehow able to afford those 'unaffordable' homes.
The self-entitled whingers are the bears who think they deserve a house for half the price other buyers are willing to pay, and so spend their lives complaining bitterly on the internet about speculators and Ponzi shemes and bubbles and vested interests while doing absolutely nothing constructive to improve their miserable position. Those whiny bears will end up renting forever, wondering why so many other people are somehow able to afford those 'unaffordable' homes.
Soon, Sydney will be unaffordable for everyone but the very rich. But isn't that the idea?
Who will clean the toilets then?
Come to think of it, toilet hygiene has been on the decline recently. Maybe the toilet hygienists are leaving the city en masse.
Shadow
The self-entitled whingers are the bears who think they deserve a house for half the price other buyers are willing to pay, and so spend their lives complaining bitterly on the internet about speculators and Ponzi shemes and bubbles and vested interests while doing absolutely nothing constructive to improve their miserable position. Those whiny bears will end up renting forever, wondering why so many other people are somehow able to afford those 'unaffordable' homes.
Interestingly, the article claims that two minimum wage earners can afford to rent only 1.6% of available properties in Sydney, but you have repeatedly claimed that two minimum wage earners could afford to buy a house. So I guess that must mean that at the very bottom of the market it is cheaper to buy than rent. Correct?
Oh noze It might end up like the late 80's where 2 couples of 3 or 4 singles rented cheaper 3 and 4 bedroom houses 10 or 15klm out of town The horror The horror.
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
The self-entitled whingers are the bears who think they deserve a house for half the price other buyers are willing to pay, and so spend their lives complaining bitterly on the internet about speculators and Ponzi shemes and bubbles and vested interests while doing absolutely nothing constructive to improve their miserable position. Those whiny bears will end up renting forever, wondering why so many other people are somehow able to afford those 'unaffordable' homes.
Well that's fuck all to do with anything anyway.
Shadow this is about the housing choices available to very low income people in this country.
But I seem to remember you launching an absolutely ludicrous thread some time back arguing that everyone can afford somewhere appropriate and affordable to live in this country, so I doubt this report will do much to change your mind.
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
Shadow this is about the housing choices available to very low income people in this country.
LOL, maybe you should re-read the post I was replying to, and then come back when you've calmed down and gained some perspective.
Quote:
But I seem to remember you launching an absolutely ludicrous thread some time back arguing that everyone can afford somewhere appropriate and affordable to live in this country, so I doubt this report will do much to change your mind.
Nothing ludicrous about it - the calculations proved that anyone on minimum wage can afford to buy or rent a home in Australia. Of course, you threw in the word 'appropriate' there... and I know you personally believe an 'appropriate' home is a large modern freestanding house in a desirable location, however I disagree with you on that. In my opinion, an 'appropriate' home for a minimum wage earner is actually an entry level apartment - i.e. a starter home. These are easily affordable to someone on minimum wage.
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