I have been a subscriber with Money mag for a while. It's meaningless, one sided articles like this that I struggle to understand. It just looks like flat out meaningless spruiking to main the status quo.

You have determine through one simplified, flawed metric that housing affordable has never been higher since 2002... How you guys pedal this tripe while house prices are in most cases close to all time highs, is beyond me. It's almost as bad as your use of the median income level of 135k(couple 270k?).

All this talk just on the back of this artificial inflation of housing numbers related to Covid. Not long, mind you, after rba has further pandered to assets by lower interest rates to prevent disaster or at best keep the game alive.

A responsible article might at least explore some of the issues around median vs average, the issues faced around job losses & Gov subsidies & payments, historic low levels of immigration vs migration, astronomical personal debt levels, high numbers of building construction in certain areas that could drive prices/rents lower.

Money, I expect a little higher level of journalism if I am going to pay for this. I understand your vested interest in driving asset prices higher at the expense of the social impact & cost. In reality, we would all be far better off without high house prices or climbing prices. If property cost had a much lower impact on family budgets & basic affordability didn't require multiple incomes & additional support, people could focus on more meaningful persuits & aspirations.

I have no view as to whether house prices will continue to rise, but if they do, as a society we should not rejoice. Rather we should look to rectify dire issues of social dysfunction, personal & family struggles & try to ensure children are getting much needed support & 'time' to raise them properly (while households are so focused on financial needs/requirements).

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What is your source for average after tax income of $135k? Sounds quite high.

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"If I'm going to pay for this..."

I don't know where you read this but I read it for free on the Money website.

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Hmmm. I tend to agree. I've never earnt that type of money. I earnt around $22K last financial year.

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