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In the World’s Most Livable Cities, Hardly Anyone Can Afford a House

By Patrick following x   2017 Oct 4, 7:52pm 550 views   1 comments   watch   sfw   quote     share    


https://www.bloomberg.com/news/articles/2017-10-04/in-the-world-s-most-liveable-cities-few-can-afford-to-buy-a-home
“More money going on servicing a mortgage means there is less to spend elsewhere, dragging on economic growth,” said Paul Dales, chief Australian economist at Capital Economics. “It won’t take many rate rises for indicators to start flashing amber and red for more-indebted households.”
...
Politicians, meantime, have offered only superficial solutions. Former Treasurer Joe Hockey said buyers struggling to get into the market should simply “get a good job that pays good money.” Deputy Prime Minister Barnaby Joyce said people priced out of Sydney should have the “gumption’’ to move to rural areas like Charleville in outback Queensland -- where houses are about one-sixth the price of Sydney, but youth unemployment in the region is the highest in the nation.


#housing
1   Ceffer   ignore (1)   2017 Oct 4, 7:59pm   ↑ like (2)   ↓ dislike (0)   quote        

As the Founding Kangaroos intended.




The Housing Trap
You're being set up to spend your life paying off a debt you don't need to take on, for a house that costs far more than it should. The conspirators are all around you, smiling to lure you in, carefully choosing their words and watching your reactions as they push your buttons, anxiously waiting for the moment when you sign the papers that will trap you and guarantee their payoff. Don't be just another victim of the housing market. Use this book to defend your freedom and defeat their schemes. You can win the game, but first you have to learn how to play it.
115 pages, $12.50

Kindle version available


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