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11/12/14
08:33
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Originally posted by acorn
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Hi Chrysalis ,
I agree with many things you say about property however I find the example of your niece interesting . Why do they want to live where they've chosen ? Do they have to live there ? They are kind of compounding the supply issue by buying there aren't they ?
Why don't they relocate to a cheaper area ?
People seem to think that they have an entitlement to live anywhere they want . If you look at our parents and grandparents stories you will find that they had to live where the work was . They didn't necessarily live where they wanted . Quite often they weren't the best areas .. It's only now that those areas are desirable and have gone from working class to middle class .
You can see by the spread of our population that we are contributing to be the problem . Sure there are planning issues with that but no one is forcing people to buy a million dollar house when there are alternatives .
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I cannot speak for these people, however, when there are 2 working parents and children who require pre-school or post school care, it isn't possible to drop them off at 6am to make the morning commute and pick them up at 7 (assuming a 2 hour commute each way) the cost of commuting and childcare compounds costs.