Re:Home ownership is the West’s biggest economic-policy mistake
by daemin on Tuesday April 20, 2021 @10:45AM
(#26875378)
I'm an Aussie in Europe now as well. Back when I lived in Sydney the average price of a home near where I lived was about 1.3 million, now I checked the prices last week and the estimated price is 2 million.
Somehow there was only a small dip in prices during the pandemic and now the property market is back on the boil again.
I honestly don't think any family without high dual incomes can actually afford a home now close to the city. The only places that are close to affordable for middle income families are far away from the centre.
Somehow there was only a small dip in prices during the pandemic and now the property market is back on the boil again.
I honestly don't think any family without high dual incomes can actually afford a home now close to the city. The only places that are close to affordable for middle income families are far away from the centre.