Subj : Re: 3.5 weeks to being la
To   : Weatherman
From : boraxman
Date : Thu Jul 21 2022 17:50:13

 We> My 1st house (which was a townhouse) was $70k back in the early 90s. 
 We> Naturally the cost of living was far less, people made far less, etc.  
 We> 
 We> My parents bought the house I grew up in for just $20k in the late 60s.
 We> People only made $5k per year, so that was still a good bit of money for
 We> the time.
 We> 

That is 4x the annual salary.  By todays standards, an absolute rock bottom bargain.

My salary is above average (and the average salary is well above median), and there are simply NO houses which are 4x my salary, or even 5 times which are reasonably commutable from work.  If I go 6x, I start to get into the dregs.  The MEDIAN house price is close to 8 - 10 x, and remember, that is my salary, which is well above median.

The market has utterly failed in Australia, creating an absolute hell.  I quite literally have to pass up job opportunities because they are too far, and I can't afford to live where the work is.

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