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The issue is we have a housing shortage in the places where people want to live. If people were more willing to compromise on the location, with a longer commute, fewer amenities, etc, then there wouldn't be a housing shortage.

So sue me for knowing how to type........

Makes sense. Rate rises hit fhbs who are stretched the most. Say you bought a place 10 years ago with a mortgage 4 times your salary (say a salary of 50k 10 years ago, and a mortgage of 200k). 10 years later today, your salary might be 80k, and you've paid off say 80k of the mortgage over the...

Rising rates don't affect all property owners equally. First home buyers who usually have the highest LVRs and mortgage to income ratios would be impacted the most, because they're also the most stretched. The longer you've owned a property, the less you're affected as time increases your wages...

Yet, Europe with its long term renters is often seen as an alternative to the Australian 'have to own our own home culture'. They don't see themselves as serfs. Quite the opposite, actually. As Bill said, there is no rule anywhere that says people should be able to live within an hour's...