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 (5,144 Views)
Of course, you threw in the word 'appropriate' there
Yes, because your utterly ludicrous affordability claim is based on the idea of pensioners on disability living in share houses in the outer suburbs being all fine and dandy.
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
Yes, because your utterly ludicrous affordability claim is based on the idea of pensioners on disability living in share houses in the outer suburbs being all fine and dandy.
Anyone who is on at least minimum wage is able to buy or rent a home in Australia (their own home, not a share house).
Anyone who reaches pension age without owning their home obviously didn't take my advice to purchase while they were working.
Sounds like that might be your fate, Veritas. Have you decided who you want to share with?
If someone has lived their whole life and gets to retirement without owning then they should have two fairly obvious choices available to them: 1) Buy a house using part of their savings/super 2) Use the interest/yield from their savings/super to rent.
If they have worked their whole life, and have no house and no savings/super then it doesn't matter how cheap houses were/are.
Other groups on welfare benefits had severely limited options with nothing affordable for single people on the youth allowance, two properties for people on the disability support pension, two properties for single parents on the parenting payment and five for singles on the age pension. The report defined affordable properties as those costing 30 per cent or less of the household's income.
Welfare is there for people to keep a roof over there heads and food on the table. Its not there so people can live a life of luxury. If ever, people on welfare, can easily spend less than 30% of their welfare on accommodation, I would say the welfare benefits are too high.
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
Of course, you threw in the word 'appropriate' there
Yes, because your utterly ludicrous affordability claim is based on the idea of pensioners on disability living in share houses in the outer suburbs being all fine and dandy.
disability pensioners get given free or near free housing coursity of the tax payer. considering that and the recent admission that nearly 50% of disability pensions are claimed by people perfectly capable of working, i don't think your scenario has any basis in reality.
I am the love child of Tony Abbott and Pauline Hanson
disability pensioners get given free or near free housing coursity of the tax payer. considering that and the recent admission that nearly 50% of disability pensions are claimed by people perfectly capable of working, i don't think your scenario has any basis in reality.
Really Timmy?
So all I have to do is get on to disability and I'll get a free house from the Govt?
Who Knew!
Also, the fact that some people on disability should not be proves what exactly?
Trojan
1 May 2013, 05:31 PM
Welfare is there for people to keep a roof over there heads and food on the table. Its not there so people can live a life of luxury. If ever, people on welfare, can easily spend less than 30% of their welfare on accommodation, I would say the welfare benefits are too high.
This is for Shadow too.
How many rentals are affordable to someone on the disability support pension in Sydney fo example using that 30% benchmark?
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
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
How should I know? Twelve? Nineteen? Seventy six? Is it a trick question?
So you have lost your swagger.
I must dig out that thread, but I think it was shown that your affordability contention was based on the residents of said properties eating cornflakes three times a day, not having kids, and never socialising.
Anyway, its kind of academic, the people are voting with their feet.
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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