and the constant pressure that one MUST own their own home-even if that load of bricks will cripple you financially for the rest of your life..

when did housing become so staggeringly expensive?

its ludicrous-where i live now NEWZEALAND has officially the least affordable housing in the western world per person

yet the glut of ads for these 4-8 week "estate agent" courses are in abundance


greed-simple and pure has taken one of life basic needs away

and the ironic thing is that i bet 99% of these "estate agents" whilst activly encouraging and promoting(with their bad grammer and cheesy slogans) it has have never heard of gentrification.....

phew-rant over

Will Aussies turn to property in a share market slump? If they do, it will be hard to find anything cheap in the Australian housing market. "Australia (with New Zealand) has the most unaffordable housing [market] in the surveyed nations," economist Wendell Cox concluded in a recent report on global housing markets.

The collapse of the housing market in the States as exposed the vulnerable balance sheets of many Americans. They are debt rich and asset poor. You can talk favorable demographics all you like. But the fundamental question for any housing decision is whether a borrower can make his mortgage payment. That's getting to be an expensive proposition here in Australia.

There hasn't been a house price crash here, like the ones unfolding in America and Britain. But affordability in the Australian housing market is clearly a problem. Of 227 cities surveyed, Cox found 18 Australian cities in the top 50 of "least affordable" in the world. "There are no affordable [housing] markets in Australia and there are no moderately unaffordable markets. Twenty-five of the 28 markets are rated severely unaffordable."

"All of the large capital cities (Sydney, Perth, Melbourne, Brisbane and Adelaide) are rated severely unaffordable. The best ratings are seriously unaffordable in three smaller markets, Maitland (NSW), Ballarat and Bendigo (both in Victoria)."

If the Reserve Bank puts up rates again... watch out.

Dan Denning
The Daily Reckoning Australia

We paid off this house, but can't really afford to move unless it's way out in the sticks

How can you and I both live in the western world when we're total antipodeans?

New Zealand-Spain I mean

PANDURITO said:

exactly!

There is only one explanation: there are 2 easts.

jony...just curious...but how much is a typical 3 bed home going for in NZ?

also on your myspace page it lists your income..is that BS?...b/c IF its not i dont see what the problem is?

here in ontario we have been living in a 2 bed SMALL 90 yr old house & are almost paid off...after 20 YEARS! we plan on moving to a larger home in a few yrs & im sure will be paying That one off for the rest of our lives....pretty depressing eh?

sonic said:

myspace? i havent been on there 4 years-nah thats BS!!

Where i live the average wage is $35000 the average house price is roughly half a million

god bless estate agents.....

Holy $hit!! 500,000 for an average home? thats crazy,,,ever thought of re-locating? I know chicago homes are insanely high as well.
You could always take in a border?..maybe a relative?...youd have a built in babysitter....

sonic said:

new zealands fucked now-

jonylawson said:

Well you'll here worse in California. Avoid this joint!

muse how are you!

yeah today is just one of those let things go day....


house shmouse and as a charge nurse i aint looking at buying a mansion heheh!






however i have just been offered a very lucrative job with a medical firm -so fingers crossed!