I live in Melbourne, Australia. There's a huge housing bubble here, and in most of the other state capitals. It's gotten to the point where the public housing list has stopped adding non-crisis people to the list, and the crisis list has a ten year wait. And for people buying a home, suppose it was a first home for a young couple or something, that'd be $200K if they're lucky, but more likely $400K. And that's not just selected areas, that's within a two hour radius of the city centre.
I know the US's housing crisis is much worse in the other direction, but I nearly cried when I saw that news item about the fourteen-year-old girl who bought a house with her pocket money.
(no subject)
Date: 2012-07-07 02:45 pm (UTC)I know the US's housing crisis is much worse in the other direction, but I nearly cried when I saw that news item about the fourteen-year-old girl who bought a house with her pocket money.