4 ms·

I don't understand how politicians don't consider that a crisis. Too many fat happy landlords I suppose.

by taurath 10y ago

girvo 10y ago
It disproportionately affects young people, and they don't really care about young people. So I'm not surprised.
- forthefuture 10y ago
  It's more that it only affects poor people, regardless of age, and they really don't care about poor people. Young rich people are doing just fine.
  - PebblesHD 10y ago
    I'd certainly like to believe I'm above the 50th percentile of incomes for my age, and I'm struggling to bring the costs of living to under 75-80% of my take home income. Given many young people aren't as fortunate as even I am I feel like there's a very large portion of the coming generation for whom owning a home will never be a reality.
    - guycook 10y ago
      Correct. I can't find the exact news article I read it, though this one shows the trend [0]. The most recent HILDA report shows that over 50% of < 30s in Aus will never own a home [0] http://www.abc.net.au/news/2016-07-20/five-facts-which-show-gen-y-has-it-worse-than-baby-boomers/7644186 http://www.abc.net.au/news/2016-07-20/five-facts-which-show-...
an_account 10y ago
Even if you artificially lower apartment rent, there would still be a lack of housing in cities. It would actually make the problem worse because more people could afford to live in cities, and less people would want to build new units. Either young people need to be okay not living in cities, or governments need to encourage more housing to be built in cities. But, instead, young people want urban living and municipalities are only increasing restrictions on building new units. Obviously in this senario prices will go up, it's basic supply and demand. Note: I am a young person living in a city.
- jdavis703 10y ago
  The suburbs are as expensive, or even more expensive than the city. I've honestly considered moving closer to my job in the suburbs, but for the same rent I get a far less desirable neighborhood (i.e. no close by bars, bad transit, nosey neighbors, mostly generic chain stores etc). Houses have to go somewhere. Or should people just be stuck spending hours commuting?
- taurath 10y ago
  How many homes are investment rental homes or apartments with nobody that lives there? I'll bet a huge amount.
- xanderstrike 10y ago
  > But, instead, young people want urban living I think most young people are trying to go where the jobs are more than anything.
  - taurath 10y ago
    This entirely. If you want competitive wages and non-backwards social groups you go to cities. I suspect there will be enclaves out in the suburbs soon as people make their money and switch mid life to more rural living where it's slower and more sustainable
  - maccard 10y ago
    Yep. Many of the people I went to school with are now back living in the town we grew up in because there are jobs available. Given th choice most of them would stay where they are rather than move to a city.
- Trundle 10y ago
  Artificially lowered apartment rent seems obviously flawed but how about just not artificially lowering supply? Surely these high prices should have a lot of developers chomping at the bit to turn low density accommodation in to high density accommodation.
- Trundle 10y ago
Bombthecat 10y ago
I think you could solve the problem by rightous forbidding cars and non public transport in and around the city and replace them all with taxis,trains and underground trains,busses and shared cars. So you can travel within 30 to 45 minutes to the city even when you live 150 km away. But that, that's just a pipe dream.
- taurath 10y ago
  Everything with housing is a pipe dream, until the right person comes along for people to get behind and solve the problems for real
taneq 10y ago
Too many landlords would lead to lower rents, not higher. The problem is caused more by the overly centralized structure of our cities (meaning a large proportion of jobs require you to commute to the CBD every day) combined with a cultural resistance to high-density living (meaning an undersupply of housing near to the CBD).
benibela 10y ago
One of the fattest landlords is now President

I don't understand how politicians don't consider that a crisis. Too many fat happy landlords I suppose.

by taurath 10y ago

I don't understand how politicians don't consider that a crisis. Too many fat happy landlords I suppose.

girvo 10y ago

It disproportionately affects young people, and they don't really care about young people. So I'm not surprised.

forthefuture 10y ago
It's more that it only affects poor people, regardless of age, and they really don't care about poor people. Young rich people are doing just fine.
- PebblesHD 10y ago
  I'd certainly like to believe I'm above the 50th percentile of incomes for my age, and I'm struggling to bring the costs of living to under 75-80% of my take home income. Given many young people aren't as fortunate as even I am I feel like there's a very large portion of the coming generation for whom owning a home will never be a reality.
  - guycook 10y ago
    Correct. I can't find the exact news article I read it, though this one shows the trend [0]. The most recent HILDA report shows that over 50% of < 30s in Aus will never own a home [0] http://www.abc.net.au/news/2016-07-20/five-facts-which-show-gen-y-has-it-worse-than-baby-boomers/7644186 http://www.abc.net.au/news/2016-07-20/five-facts-which-show-...

an_account 10y ago

Even if you artificially lower apartment rent, there would still be a lack of housing in cities. It would actually make the problem worse because more people could afford to live in cities, and less people would want to build new units. Either young people need to be okay not living in cities, or governments need to encourage more housing to be built in cities. But, instead, young people want urban living and municipalities are only increasing restrictions on building new units. Obviously in this senario prices will go up, it's basic supply and demand. Note: I am a young person living in a city.

jdavis703 10y ago
The suburbs are as expensive, or even more expensive than the city. I've honestly considered moving closer to my job in the suburbs, but for the same rent I get a far less desirable neighborhood (i.e. no close by bars, bad transit, nosey neighbors, mostly generic chain stores etc). Houses have to go somewhere. Or should people just be stuck spending hours commuting?
taurath 10y ago
How many homes are investment rental homes or apartments with nobody that lives there? I'll bet a huge amount.
xanderstrike 10y ago
> But, instead, young people want urban living I think most young people are trying to go where the jobs are more than anything.
- taurath 10y ago
  This entirely. If you want competitive wages and non-backwards social groups you go to cities. I suspect there will be enclaves out in the suburbs soon as people make their money and switch mid life to more rural living where it's slower and more sustainable
- maccard 10y ago
  Yep. Many of the people I went to school with are now back living in the town we grew up in because there are jobs available. Given th choice most of them would stay where they are rather than move to a city.
Trundle 10y ago
Artificially lowered apartment rent seems obviously flawed but how about just not artificially lowering supply? Surely these high prices should have a lot of developers chomping at the bit to turn low density accommodation in to high density accommodation.
Trundle 10y ago

Bombthecat 10y ago

I think you could solve the problem by rightous forbidding cars and non public transport in and around the city and replace them all with taxis,trains and underground trains,busses and shared cars. So you can travel within 30 to 45 minutes to the city even when you live 150 km away. But that, that's just a pipe dream.

taurath 10y ago
Everything with housing is a pipe dream, until the right person comes along for people to get behind and solve the problems for real

taneq 10y ago

Too many landlords would lead to lower rents, not higher. The problem is caused more by the overly centralized structure of our cities (meaning a large proportion of jobs require you to commute to the CBD every day) combined with a cultural resistance to high-density living (meaning an undersupply of housing near to the CBD).

benibela 10y ago

One of the fattest landlords is now President