I should know better
Posted on October 18th, 2007 by matt
I really should. But I read this Age article on housing affordability anyway.
And, predictably, I am now feeling moderately depressed.
I simply cannot imagine being able to pay $2600 per month for housing alone, and our household income is somewhat above the stated average. None of the proposed “fixes” so far have been anything more than band-aids: increasing the supply of land on the fringes won’t help, there’s already plenty of land locked up by the developers, the extra Rudd proposes to release will go the same way and be sold off in a trickle to keep prices up.
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