I'm not so sure it is an affordability issue Bill. Rents keep on tracking up and prices (to maintain min 5% av. yield seem to follow)
The fact that
anyone gets a pay increase in the middle of a GFC is just...well, what can you say? ....staggering.
I think the pendulum swings both ways. Before it was union power (I remember consulting to the construction industry in Victoria only a few short years ago), now it is back to the management and the corporate greed...then its back to workers' pay rises. Same ole, same ole.