Comment on Melbourne goes from among the most to least expensive capital cities
shads@lemy.lol 1 day agoYou’re kidding right? I know at least 3 people personally who would riot if that happened and one of them is a politician. Line must go up, if line doesn’t go up it’s time for a new government, if line doesn’t go up enough time for a new government, hell if line goes up in the wrong way time for a new government.
SarahFromOz@lemmy.world 1 day ago
I wonder if there will be a riot/strike anyway?
I mean how long before people refuse to work just to pay someone else’s mortgage?
TheHolm@aussie.zone 1 day ago
may be they should pay their own mortgage? It is should be cheaper than rent if you assume that landlord is not contributing.
Taleya@aussie.zone 16 hours ago
If you’re already paying someone elses mortgage, how are you going to save up a deposit to get your own?
KaChilde@sh.itjust.works 1 day ago
You understand that buying a house requires good credit and a sizeable deposit? Both of which are things that many Australians are struggling to earn with the increase in rent and cost of basic needs.
If it were easy to “pay their own mortgage”, don’t you think more people would be doing that?
Even the people with deposits and pre-approved loans are struggling to find homes when well established slum-lords can outbid them by 100k on even the saddest 1x1.
TheHolm@aussie.zone 17 hours ago
Honestly, I do not know. Twenty years ago, when I bought my house, I had a choice: continue to rent or buy a house in a place from which I had to commute 1.5 hours one way to get to work. I chose to buy a house. I guess many people are not willing to make such a sacrifice. But the relative cost of houses has gone up. Back then, I paid four times my pre-tax yearly salary for it. These days, it would be eight times, so we can’t really compare. But when I look at young people whining about not being able to buy a house while changing their iPhones every year and driving new, expensive cars, it raises a question.