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/biz/ - Business & Finance

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14852980 No.14852980 [Reply] [Original]

In 1990 45% of people owned the home they lived in outright. Today it is 30%.

The median house price has increased from $125,000 to $800,000.

The average weekly housing cost is $484 for those with a mortgage, $366 for those renting. For home owners, it is $53.

https://www.baka.com.au/politics/federal/the-two-charts-showing-an-extraordinary-collapse-in-home-ownership-in-sydney-and-melbourne-20190717-p5282j.html

>> No.14853000

>>14852980
We know, we're fucked, no one's doing anything about it and it sucks.

>> No.14853004
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14853004

>>14852980
>reminder that this does not at all correlate with the slide into socialism and the importation of people from the third world

>> No.14853009

>>14852980
literal cranes everywhere, so many apartments being created. Foreign investment decreasing. This will be glorious

>> No.14853025

Wow! Inflation causes hoarding of deinflatory assets such as real estates! Absolutely nobody saw this coming!

Crypto is the future.

>> No.14853037

>>14852980
Ah don't worry, 4th industrial revolution is about to absolutely pull the rug out from under all this and we'll be buying up boomers million dollar homes for scraps while they beg for mercy.

>> No.14853044

>>14852980
Ownership decreasing? Oh god!!! People cannot afford ownership anymore? Fuck...Crash incoming.

>> No.14853380

Vote Sustainable Australia party to put an end to mass immigration.

>> No.14853432

>>14853380
t. leith

>> No.14854226

>>14853004
>slide into socialism
Fuck off back to America you idiot. Australia's "socialist" policies like Medicare long predate that chart, and have been a universally acclaimed success.

>> No.14854289

>>14853004
Actually no, many foreign investors (often Chinese) are buying real estate as pure speculation. I remember reading that quite a high number of houses/flats in London are empty

>> No.14854441

>>14854289
Chinese were a mistake
>esp Chinks with money

>> No.14854561
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14854561

>>14854226
Since you lack the ability to extrapolate. He is saying that socialism is becoming more necessary (not it was never there) because of the increase of unproductive population. Increasing government expenditure, which decreases working-class wealth because of taxes thus decreasing people's ability to buy a home. Why he responded to OP with that statement.

>> No.14854883

>>14852980
Loose monetary policy did it.

>> No.14855234

>>14854561
>socialism is becoming more necessary because of the increase of unproductive population
Unless "socialism" involves forcing people to become productive, you're just talking about a societal collapse here.

>> No.14855251
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14855251

>>14852980
This is what happens when you let chinks into your country. They’re like Jews but there’s 1 billion+ of them.