“Can’t afford” is a loaded phrase. I think it depends on one’s life gaols. IE A high standard of living or a lower standard of living, but high quality of life.
I just looked it up. In Australia it costs between $300,000 to $450,00 to rear a child to age 18. The assumption is that a couple will both work, producing an AFTER TAX income of about $130,000 PA.
We have been conned. Somewhere along the line we came to believe that a high standard of living equals a high quality of life. Good little consumers buy lots of “stuff”
BUT yes, there is certainly a housing bubble in Australia, making our houses among the most expensive in the world. Today, the median house price in Adelaide is between 900-$1 million.==== I live in a so-called dormitory suburb. Today my modest, 120 square metre house has a council valuation of $700,000.
Today, cheap houses can still be bought. That’s fine, as long as you don’t mind living from 150 km [and more] from the City.
I have no answers. I’m 78 years old. I can’t tell if things are distorted through the lens of advanced age, or things really are as bad as they seem for young adults just starting out in life.
“Can’t afford” is a loaded phrase. I think it depends on one’s life gaols. IE A high standard of living or a lower standard of living, but high quality of life.
I just looked it up. In Australia it costs between $300,000 to $450,00 to rear a child to age 18. The assumption is that a couple will both work, producing an AFTER TAX income of about $130,000 PA.
We have been conned. Somewhere along the line we came to believe that a high standard of living equals a high quality of life. Good little consumers buy lots of “stuff”
BUT yes, there is certainly a housing bubble in Australia, making our houses among the most expensive in the world. Today, the median house price in Adelaide is between 900-$1 million.==== I live in a so-called dormitory suburb. Today my modest, 120 square metre house has a council valuation of $700,000.
Today, cheap houses can still be bought. That’s fine, as long as you don’t mind living from 150 km [and more] from the City.
I have no answers. I’m 78 years old. I can’t tell if things are distorted through the lens of advanced age, or things really are as bad as they seem for young adults just starting out in life.
Things really are that bad. Try finding a job 150km from the city.