Housing Affordability At Alltime Low
May 29th 2007, 8:24 am
#1
Jedi Princess
Thread Starter
Joined: Jun 2006
Location: Melbourne,Australia
Posts: 2,089
Housing Affordability At Alltime Low
Housing affordability is offically at it's lowest level in 23 years
http://news.ninemsn.com.au/article.aspx?id=59380
http://news.ninemsn.com.au/article.aspx?id=59380
May 29th 2007, 8:35 am
#2
Timelord
Joined: May 2006
Location: Lost in space...
Posts: 2,834
Re: Housing Affordability At Alltime Low
Housing affordability is offically at it's lowest level in 23 years
http://news.ninemsn.com.au/article.aspx?id=59380
http://news.ninemsn.com.au/article.aspx?id=59380
May 29th 2007, 8:47 am
#3
Jedi Princess
Thread Starter
Joined: Jun 2006
Location: Melbourne,Australia
Posts: 2,089
Re: Housing Affordability At Alltime Low
HIA said its own projections showed that if the situation was not immediately addressed, housing affordability might not be restored until 2022, even in an environment of strong wages growth and low interest rates.
"With the Australian economy in great shape and with record national surpluses, more needs to be done to alleviate housing stress and to assist those families battling to afford a roof over their heads," Mr Silberberg said.
"Only a targeted whole-of-government approach will make inroads into what is a massive economic and social challenge for Australia."
Howard's govt "fiddles while rome burns" as they say
May 29th 2007, 10:54 am
#4
Lost in BE Cyberspace
Joined: Mar 2003
Posts: 9,397
Re: Housing Affordability At Alltime Low
No surprises at all there.
Housing here is far more about "investment" than shelter. All governments and the banks have colluded in the gambling mentality.
Investment is all about, fundamentally, providing capital for increasing wealth. Pouring money into property is the antithesis: it is putting capital into a non-productive asset in the hope of getting someone to pay more for it in a year's time. It is counterproductive.
The chickens are coming home to roost, folks!
Housing here is far more about "investment" than shelter. All governments and the banks have colluded in the gambling mentality.
Investment is all about, fundamentally, providing capital for increasing wealth. Pouring money into property is the antithesis: it is putting capital into a non-productive asset in the hope of getting someone to pay more for it in a year's time. It is counterproductive.
The chickens are coming home to roost, folks!
May 29th 2007, 11:18 am
#5
is the donut hole
Joined: May 2005
Location: London
Posts: 217
Re: Housing Affordability At Alltime Low
Housing affordability is offically at it's lowest level in 23 years
http://news.ninemsn.com.au/article.aspx?id=59380
http://news.ninemsn.com.au/article.aspx?id=59380
Code:
USA Los Angeles-Orange County, CA 11.4 USA San Diego, CA 10.5 USA Honolulu, HI 10.3 USA San Francisco, CA 10.1 USA Ventura County, CA 9.4 USA Stockton, CA 8.6 OZ Sydney 8.5 USA San Jose, CA (San Francisco Area) 8.4 UK London (GLA) 8.3 UK Bournemouth-Dorset 8.2 OZ Perth 8.0 USA Riverside-San Bernardino, CA 7.9 Canada Vancouver 7.7 USA Miami-West Palm Beach, FL 7.6 USA Modesto, CA 7.6 UK Cardiff 7.5 UK Bristol 7.3 USA Fresno, CA 7.2 USA New York, NY-NJ,-CT-PA 7.2 OZ Hobart 7.0 NZ Auckland 6.9 UK London Exurbs (East & SE of England) 6.9 OZ Melbourne 6.6 USA Sacramento, CA 6.6 USA Sarasota, FL 6.6 Canada Victoria 6.6 OZ Adelaide 6.5
