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I highly doubt the average kid growing up in a 25sqm shoebox in New York is happier than a kid living in a big house by the beach in Australia.

Woy Woy - clean air, plenty of green space, large homes, large blocks, awesome beaches, plenty of space for kids to play. Versus a 25sqm shoebox in a grimy city centre. Yes, I think I know what I'd prefer...

Depart 8:15, Arrive 9:26. That's 1 hour and 11 minutes from Central to Woy Woy - like I said, just over an hour... http://www.sydneytrains.info/timetables/timetables_by_line.htm?line=nc&dir=2#landingPoint Walking/car/bus at either end applies anywhere in the world. The point is that there is...

In New York, people are paying like USD $2M or more to live 1 hour away from Manhattan. In London, people are paying GBP 3M+ to live one hour away from the city centre. In Sydney, commuting just over one hour by train takes you to Woy Woy, where you can buy a 3-bedroom freestanding house for...

What's good for one person is bad for another, so I don't really get involved in debates about the 'morality' of rising (or falling) house prices. I just call it as I see it. The fact is that in Manhattan, Central London, Paris, HK, Singapore, Monaco etc., people on low wages simply don't buy...

They can rent close to the city, or buy and commute from further afield. That's how it works in most big cities.