Housing Affordability - What's to be done?

[Rooster1908]

Once where a house stood on a quarter acre block that was home to a family of 5 has now been subdivided into medium density housing consisting of 4 townhouses, each with the same amount of bedrooms as the original house.

Units here, high-rise apartments there, new buildings everywhere but still a lack of affordable housing and skyrocketing rents. There seems to be an abundance of abodes but why isn’t there enough to satisfy demand?

Is it because people choose to live by themselves? In larger homes than they require? Have multiple residencies?

It certainly would be better than living with or near you

[A Country Member]

It certainly would be better than living with or near you

Good one 08. I prefer the Chinindians anyway

[Rooster1908]

Good one 08. I prefer the Chinindians anyway

you will be ok mate. Keep dry under that bridge with the rest of the trolls

[A Country Member]

I bet Christmas is a real hoot at the 08 house. Those son in laws of yours must really look forward to catching up with you.

[ism22]

If you had said back in 2000, that an ordinary house house in the inner west (say Canterbury) would cost seven figures in 2022, the listener would would be amazed yet here we are, that's the reality and how did it happen? What is the reason that a generation who don't have the Bank of Mum and Dad will never be able to afford to own a home even if the option is to move to the boondocks and drive 50K or so to work? It's a calamitous situation. Releasing more land isn't the answer, even longer commutes, and adjusting things like stamp duty is just fiddling at the margins. The waiting list for State provided housing is now over 100,000 people and moving to the regions is now also illusory. In the Southern Highlands where I have a residence, houses (villas) are now around the $1M+ mark.

The NSW Greens have just released a housing policy which proposes a 4% tax on mega price homes - those worth over $10 million, and another tax on property portfolios of 6 properties or more. The idea is that the rich who reap the tax free benefit of a $10M+ sale should be forced to contribute to the cost to the community of building critically needed low cost housing. As usual, we the ordinaries, pay the cost of services - road and rail links.

Of course those who benefit most will roll out the ridiculous "pensioner" disadvantage example as if there are $10M+ "pensioners" in danger of having to eat pet food. Yet, as we see among our fellow Rooster fans, there are some who, while lauding the ANZAC myth of the ordinary bloke saving us and/or professing Christianity, are uncaring of the prospects facing our newer generations.

Are the Greens onto something? Will their policy get traction?

Just move to China mate. It's communist so there's no social classes and everybody's given free housing, healthcare, education...etc.

Oh wait they don't and housing affordability's ridiculously bad? Interesting.

[Rooster1908]

I bet Christmas is a real hoot at the 08 house. Those son in laws of yours must really look forward to catching up with you.

House . Yep better than the car hey or the bridge you cralled out from under .

[Paddo Colt 61]

[QUOTE=A Country Member; I drive around and see endless housing developments. Much of which is high density housing where there was once one or two dwellings. Before these houses were bulldozed, they once were home to much larger families than what is common now.Why is that?
People now live in much larger houses than what they need and often have more than one abode, as a few on here like to remind.
Despite the numerous options, people want to be more lonely. While others live in their car,

I 'd say that it's got a lot to do with our history and MSM influence.

Historically we have been rigidly divided on quasi English class lines. First it was the Official class and the free settlers lording over the penal community. The former not wanting a bar of the latter. Macquarie caused consternation with his Tickets of Leave and fratenisation/rehabilitation of transportees. Our other respectable founding father, the Rev, Marsden, disposed of hundreds of Irish in one way or another so class prejudices were a fact of life from the get go. The behaviour of the Officer class in POW camps in Asia during the war was an extension of that. The fact is that the wealthy don't give a shit about the housing crisis - those affected are the "other" just as the convicts were. I say tax 'em the 4%, they pay little tax as it is.

The MSM has, over time, instilled fear of the other in petty bourgeois suburbia. Kids don't play outside unless under parent supervision. Childhoods are largely spent indoors and all because of an irrational fear of the community at large. As they've always done, the lower orders carry on regardless and heedless of the pariah status that they've inherited. We once had a thriving public housing commitment but that distorted the market and the wealth accumulation of the minority. Which returns me to my original question - how did the cost of housing explode so dramatically in such a short time? Immigration? Tax breaks?

[King Salvo]

Supply and Demand as simple as that - Economics 101 - Naught to do with negative gearing and or CGT Discounts or the Bourgeois/US/West/NATO/EU/Denis Compton

Australia's population has almost doubled in the past 50 years, from 13.1 million in 1971 to 25.7 million in 2021.- Currently 25.9 in 2022

Sydney Population in 1971 - 3.01 million - in 2021 - 5.25 million - Currently 5.48 million in 2022

Property prices double every 10 years - The Land Value appreciates and the House Value depreciates

[King Salvo]

[QUOTE=Paddo Colt 61;n972001][QUOTE=A Country Member; I drive around and see endless housing developments. Much of which is high density housing where there was once one or two dwellings. Before these houses were bulldozed, they once were home to much larger families than what is common now.Why is that?
People now live in much larger houses than what they need and often have more than one abode, as a few on here like to remind.
Despite the numerous options, people want to be more lonely. While others live in their car,

I 'd say that it's got a lot to do with our history and MSM influence.

Historically we have been rigidly divided on quasi English class lines. First it was the Official class and the free settlers lording over the penal community. The former not wanting a bar of the latter. Macquarie caused consternation with his Tickets of Leave and fratenisation/rehabilitation of transportees. Our other respectable founding father, the Rev, Marsden, disposed of hundreds of Irish in one way or another so class prejudices were a fact of life from the get go. The behaviour of the Officer class in POW camps in Asia during the war was an extension of that. The fact is that the wealthy don't give a shit about the housing crisis - those affected are the "other" just as the convicts were. I say tax 'em the 4%, they pay little tax as it is.

The MSM has, over time, instilled fear of the other in petty bourgeois suburbia. Kids don't play outside unless under parent supervision. Childhoods are largely spent indoors and all because of an irrational fear of the community at large. As they've always done, the lower orders carry on regardless and heedless of the pariah status that they've inherited. We once had a thriving public housing commitment but that distorted the market and the wealth accumulation of the minority. Which returns me to my original question - how did the cost of housing explode so dramatically in such a short time? Immigration? Tax breaks?



[/QUOTE]

I still do not understand why you still live in the West Comrade Paddo because you despise everything about it and the people of the capitalist West in general.

Commies love to twist history one has to say a trait they learned from their heroes in Lenin/Stalin/Mao/II-Sung etc.

Your beloved Evil Cult of Personality Commie Ideology was a failure as all can see as even your beloved China has been well and truly bitten by the Capitalist Bug - Just need to change their political system to match this though.

Back on Topic

Homes in Chinese cities are largely unaffordable for most young people and migrant workers after years of rapid price gains

[ism22]

Supply and Demand as simple as that - Economics 101 - Naught to do with negative gearing and or CGT Discounts or the Bourgeois/US/West/NATO/EU/Denis Compton

Australia's population has almost doubled in the past 50 years, from 13.1 million in 1971 to 25.7 million in 2021.- Currently 25.9 in 2022

Sydney Population in 1973 - 3.01 million - in 2021 - 5.25 million - Currently 5.48 million in 2022

Property prices double every 10 years - The Land Value appreciates and the House Value depreciates

Bingo. There's a reason why prices aren't all fixed and those who earn/inherit more don't have all their money taken away from them in order to flatten out the class system. When that happens there's ALWAYS an elite group to whom the rules don't apply, extreme poverty at the bottom/middle end of the market and black markets all over the place because people find ways to avoid giving everything they've earned away to the elite.

Australia's a liberal democracy with universal healthcare, a welfare net and a market economy. Agree or otherwise, the vast majority of people have a home. Having been broke and homeless following a VERY messy situation in my 30's, I know the feeling of hopelessness. However you can either sit around and sob or do something good for yourself. I bought a 1br apartment for ~$280k in a less desirable part of town (now paid off & working for me as a solid investment... ask Canberrans about Emu Ridge + see what they tell ya) on a very low income and leveraged the equity in it to do a bit better. I respect others can't but TBH prices in that particular area haven't gone up much over the years (salaries have) and people wanting to start on an 'average' house are tripping. You start at the bottom and work your way up over your 30-50+ year career!

Is apartment living becoming the new norm as a result of there being less space in more popular parts of town? Well maybe! TBH we're lucky that we're a large country with not a lot of people. If you look at most of Europe and Asia, most people are in apartments. Happy to share pics of my house in Japan...

[Paddo Colt 61]

Okay fellas, we're talkin' about Australia (NSW) here, not China. China is irrelevant to this discussion as is Marxist - Leninist which I doubt you know much about apart from evil, bad, witches brew. I think that we all get that now.

Of course the housing situation is down to market forces, nothing to do with the Negative Gearing which encouraged an avalanche of investor activity. All courtesy of Johnny W Howard the best PM ever or was that ol' Smoko - what a blathering fool he made of himself at the Robodebt Commision. Robodebt, yet another example of the Tories' low regard for the other. The poor in other words.

"Prices haven't gone up...salaries have...."? Too much of the craft stuff ol' son, high alcohol by the sound of it. The median (most commonly paid) wage in NSW is around $50K p.a. There haven't been wage rises for years. It was an election issue remember? Sorry to be unsympathetic you probably drink to drown those China nightmares.

[ism22]

Of course the housing situation is down to market forces, nothing to do with the Negative Gearing which encouraged an avalanche of investor activity. All courtesy of Johnny W Howard the best PM ever or was that ol' Smoko - what a blathering fool he made of himself at the Robodebt Commision. Robodebt, yet another example of the Tories' low regard for the other. The poor in other words.

Do you even know what negative gearing is mate? Also, WTF does Robodebt have to do with housing?

[A Country Member]

Aspirants and the class system catching up.

[A Country Member]

you will be ok mate. Keep dry under that bridge with the rest of the trolls

And a merry Christmas to you .

[A Country Member]

Bingo. There's a reason why prices aren't all fixed and those who earn/inherit more don't have all their money taken away from them in order to flatten out the class system. When that happens there's ALWAYS an elite group to whom the rules don't apply, extreme poverty at the bottom/middle end of the market and black markets all over the place because people find ways to avoid giving everything they've earned away to the elite.

Australia's a liberal democracy with universal healthcare, a welfare net and a market economy. Agree or otherwise, the vast majority of people have a home. Having been broke and homeless following a VERY messy situation in my 30's, I know the feeling of hopelessness. However you can either sit around and sob or do something good for yourself. I bought a 1br apartment for ~$280k in a less desirable part of town (now paid off & working for me as a solid investment... ask Canberrans about Emu Ridge + see what they tell ya) on a very low income and leveraged the equity in it to do a bit better. I respect others can't but TBH prices in that particular area haven't gone up much over the years (salaries have) and people wanting to start on an 'average' house are tripping. You start at the bottom and work your way up over your 30-50+ year career!

Is apartment living becoming the new norm as a result of there being less space in more popular parts of town? Well maybe! TBH we're lucky that we're a large country with not a lot of people. If you look at most of Europe and Asia, most people are in apartments. Happy to share pics of my house in Japan...

For those living in their cars, could you please inform us how you went from being “broke and homeless in your 30s” to entering into the housing market and buying a $280k one bedroom unit and having now entirely paid it off?

I’ll put the kettle on