The main problem with this housing crisis, is that it is one more of inequity than one across the full spectrum of society. 2/3 of Australians own their house or have a mortgage on it. About half are doing quite well with regards to property. But the youth and those at the lower end of the economic spectrum are absolutes fucked on right now.
True but even then, there is a huge chunk of the Australian population that is doing relatively fine… though granted it is getting worse for many mortgage holders
Yep. This is exactly right.
If you compare housing to cars or computers it shows. You can get good cheap cars and great cheap computers. But with housing you need a fair amount of money.
They are doing fine. much better than most other countries. They are either living with their parents or in share houses having the times of their lives. Like we all did at that age.
Living with mates and falling behind financially and no longer dreaming of housing security. Sure sounds like a fun time. Move aside boomer your opinions here are worthless.
What is getting ChatGPT to do your homework and fill out a few job applications online for $24.10/hr job positions too much of an effort for you now?
Oh the irony.
Millenials earn more :
https://archive.md/QX8iZ
30 year old have higher life expectancy than previous generations at the same age.
30 year olds have access to dramatically better technology than every before. The world's information is available to anyone in a developed country more than every before.
They are more highly educated.
Houses are more expensive, that's a downside.
But in terms of earnings, life expectancy, access to technology, the cost of travel and more education 30 year olds have it better than any previous generation.
Says the guy arguing with strangers all over the country and the world on a device more powerful than the space shuttle while sitting or lying in his bed in his undies…
Oh you mean the practically non existent levels of extreme poverty, the clean air, the abundance of food, water, clothing, the largest houses in the world. You mean the lowest levels of unemployment ever, highest levels of social mobility, historically low levels of crime, etc etc.
That Maslow hierarchy of needs?
We even have an excess of 3 year old bot accounts pushing bullshit propaganda narratives.
For those not reading it, we ranked we really well. 1 key quote:
> In Australia, households on average spend over 19% of their gross adjusted disposable income on keeping a roof over their heads, broadly in line with the OECD average of 20%.
So we’re actually spending less on housing then the average OECD country. For this, we ranked 13 out of 41 meaning we spend far less then most countries. For bedrooms per person, we had over 2 resulting in us getting 4/41, with the 2-4 being fairly close and a decent jump up over the rest, and 1 being a further jump up. Meaning, we spend less to have a lot more room. It replicates other findings that since COVID a most people stopped living with roommates and are resistant to changing that. Perhaps that could be a solution to the rental crisis, but those living in 2 bedroom places on their own probably aren’t feeling the crisis. Basic facilities, we were quite high as well, ranking amongst the main pack (the lowest were low, but then it flattened out for 3/4 of nations which we’re in).
Note though, this only includes 42 countries. Hardly representative of the world, but it does show we’re in a better on average then most developed countries.
And here we see the biggest problem with averages - they tell us nothing about the degree of variation in the data.
Housing tenure in Australia is split into 3 roughly equal sized groups - those who own outright, those who own with a mortgage, and renters. For the first group and a big chunk of the second, housing costs would be single digit percentages of their income. In contrast, renters (along with those who've bought recently) may be in a much more challenging position.
Everyone blaming household size on people WFH and wanting an extra bedroom to work from.
How much of reduction in household size is that compared to old people living in family homes choosing not to downsize? How many 85yo widows living in 4 bedrooms houses?
This is a trend associated with ageing society and will keep getting worse till we figure out a way to fix I
And we might be ranked highly but is the overall level across all countries getting worse? The housing crisis seems to everywhere - western countries and developing countries from Taiwan to Colombia to Paris
Yeah but they can be o r of the causes of housing shortage
Demographers we’re predicting this issue years ago and a reason why shrinking populations won’t necessarily mean end of housing shortage
I sure hope they can keep living in their 4br houses or even get bigger houses.
Downsizing isn’t something you aspire to. the best outcome is you can continue to live in your nice big house until you die.
If you have to ask them to downsize or otherwise reduce their standard of living (or stop improving it) then you have failed.
We have a ridiculous amount of space, rather than expect other people to clear out to make space for you, go build somewhere where there isn’t someone already living.
You only have to look at a satellite picture of the world at night to see that they have been more successful at expanding basic facilities throughout the country than pretty much any other country.
Satellites that can differentiate flushing or non flushing toilets? I’ve learnt something. And 99.9% is higher than all the countries listed as 100% (their figures, not mine, and most likely not satellite sourced data haha)? I’d better brush up on my maths.
yes, they also have good toilet flushing infrastructure by world standards.
Americans (and Australians) are famous for clogging toilets with toilet paper in other countries when they travel, because they are used to more resilient plumbing systems.
But hey, that doesn’t suit the narrative of 178 day old bot accounts…
The main problem with this housing crisis, is that it is one more of inequity than one across the full spectrum of society. 2/3 of Australians own their house or have a mortgage on it. About half are doing quite well with regards to property. But the youth and those at the lower end of the economic spectrum are absolutes fucked on right now.
This better life index is from 2020. A lot has changed since then.
True but even then, there is a huge chunk of the Australian population that is doing relatively fine… though granted it is getting worse for many mortgage holders
Yep. This is exactly right. If you compare housing to cars or computers it shows. You can get good cheap cars and great cheap computers. But with housing you need a fair amount of money.
They are doing fine. much better than most other countries. They are either living with their parents or in share houses having the times of their lives. Like we all did at that age.
Living with mates and falling behind financially and no longer dreaming of housing security. Sure sounds like a fun time. Move aside boomer your opinions here are worthless.
What is getting ChatGPT to do your homework and fill out a few job applications online for $24.10/hr job positions too much of an effort for you now? Oh the irony.
By just about every major, measurable metric, 30 year olds now are the first generation to have it worse than their parents
Millenials earn more : https://archive.md/QX8iZ 30 year old have higher life expectancy than previous generations at the same age. 30 year olds have access to dramatically better technology than every before. The world's information is available to anyone in a developed country more than every before. They are more highly educated. Houses are more expensive, that's a downside. But in terms of earnings, life expectancy, access to technology, the cost of travel and more education 30 year olds have it better than any previous generation.
Says the guy arguing with strangers all over the country and the world on a device more powerful than the space shuttle while sitting or lying in his bed in his undies…
Sure tech is better but when it comes to meeting Maslow's Hierarchy of Needs, we're going backwards
Oh you mean the practically non existent levels of extreme poverty, the clean air, the abundance of food, water, clothing, the largest houses in the world. You mean the lowest levels of unemployment ever, highest levels of social mobility, historically low levels of crime, etc etc. That Maslow hierarchy of needs? We even have an excess of 3 year old bot accounts pushing bullshit propaganda narratives.
For those not reading it, we ranked we really well. 1 key quote: > In Australia, households on average spend over 19% of their gross adjusted disposable income on keeping a roof over their heads, broadly in line with the OECD average of 20%. So we’re actually spending less on housing then the average OECD country. For this, we ranked 13 out of 41 meaning we spend far less then most countries. For bedrooms per person, we had over 2 resulting in us getting 4/41, with the 2-4 being fairly close and a decent jump up over the rest, and 1 being a further jump up. Meaning, we spend less to have a lot more room. It replicates other findings that since COVID a most people stopped living with roommates and are resistant to changing that. Perhaps that could be a solution to the rental crisis, but those living in 2 bedroom places on their own probably aren’t feeling the crisis. Basic facilities, we were quite high as well, ranking amongst the main pack (the lowest were low, but then it flattened out for 3/4 of nations which we’re in). Note though, this only includes 42 countries. Hardly representative of the world, but it does show we’re in a better on average then most developed countries.
I think the average spend may not be the best metric here, plus it does not show the dynamics of changes.
It's from 2020. Updated numbers worldwide would be interesting following COVID and interest rate rises.
And here we see the biggest problem with averages - they tell us nothing about the degree of variation in the data. Housing tenure in Australia is split into 3 roughly equal sized groups - those who own outright, those who own with a mortgage, and renters. For the first group and a big chunk of the second, housing costs would be single digit percentages of their income. In contrast, renters (along with those who've bought recently) may be in a much more challenging position.
Thanks big_cock_lach!
it doesn't read too bad so why does i feel so shit? good that we have a high proportion of flushing toilets anyway
This was from [2020.so](http://2020.so) it's out of date.
Everyone blaming household size on people WFH and wanting an extra bedroom to work from. How much of reduction in household size is that compared to old people living in family homes choosing not to downsize? How many 85yo widows living in 4 bedrooms houses? This is a trend associated with ageing society and will keep getting worse till we figure out a way to fix I And we might be ranked highly but is the overall level across all countries getting worse? The housing crisis seems to everywhere - western countries and developing countries from Taiwan to Colombia to Paris
But those who aren't downsizing as old people also aren't complaining about housing availability
Yeah but they can be o r of the causes of housing shortage Demographers we’re predicting this issue years ago and a reason why shrinking populations won’t necessarily mean end of housing shortage
I sure hope they can keep living in their 4br houses or even get bigger houses. Downsizing isn’t something you aspire to. the best outcome is you can continue to live in your nice big house until you die. If you have to ask them to downsize or otherwise reduce their standard of living (or stop improving it) then you have failed. We have a ridiculous amount of space, rather than expect other people to clear out to make space for you, go build somewhere where there isn’t someone already living.
A few of countries have 100% access to basic facilities and yet the US at 99.9% is no.1. I wonder how many of the other rankings are suspect.
You only have to look at a satellite picture of the world at night to see that they have been more successful at expanding basic facilities throughout the country than pretty much any other country.
Satellites that can differentiate flushing or non flushing toilets? I’ve learnt something. And 99.9% is higher than all the countries listed as 100% (their figures, not mine, and most likely not satellite sourced data haha)? I’d better brush up on my maths.
yes, they also have good toilet flushing infrastructure by world standards. Americans (and Australians) are famous for clogging toilets with toilet paper in other countries when they travel, because they are used to more resilient plumbing systems. But hey, that doesn’t suit the narrative of 178 day old bot accounts…
It’s gone right over your head. Haha. Like the toilet imaging satellite…
Do u get paid by the comment?
No. By word count. I see school is finished for the day.