The housing unaffordability myth, page-176

  1. 30,924 Posts.
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    With respect, "Solution - find work where they can afford to live or increase their earnings in order buy a house closer to work ." is a smart a'd answer too. Anyone in Qld will tell you that where the work is, the house prices are sky high. Or they were ..... until the work finished and then the prices tumble. Affordable now? Of course not, because the work isn't there!

    In 2018 my daughter will start work as a teacher. Clearly this is not a good job, as she won't be able to afford the mortgage for a house. I will certainly do my best to dissuade her from even trying, as I consider housing to be in a huge bubble (unless it has popped by then) and to save and wait for prices to come down to affordability. If basic jobs like teaching, nursing, manufacturing don't pay enough to allow house purchases near where you work, unaffordability isn't a myth.
 
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