@jack_toohey on why the housing crisis is not caused by migration
Jack Toohey on Instagram: "Facts not feelings 2.0 Do you support scrapping the CGT discount and negative gearing?"
Now do actual number of people per dwelling (e.g. census data) over the same time period
Ok so if the number of dwellings has increased at the same rate as the population has grown, why is it so hard to find somewhere to rent?
I'm not saying the numbers are wrong, I just don't understand why there's a shortage.
Same as every other place I assume. Rich fucks buying up property as investments.
This shit is happening everywhere. Even in India housing prices are astronomical. Some places in Mumbai are as expensive as New York while the median income is nowhere near that.
Covid made a lot of people realise they couldn't stand their housemates, airbnb slices, dwelling availability (empty places that no one wants to buy or want to landbank) , population shifts eg: one house of two people divorce, now need two houses, kid grows up and moves out etc etc.... lots of reasons.
This is the correct answer. Fewer average occupants per house, for a variety of reasons.
Numbers can lie, or at the very least obfuscate the truth. Consider the following, as an example:
Average income is not a useful metric. The higher the average gets, the further it drifts from the median.
Median is an average. It would be helpful if they specified whether they are using mean or median, but median is the average usually talked about with respect to income, precisely because it's much more useful.
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Semantics.Your point - that immigration excerbates existing underlying problems - specifically ignores the underlying problem, which in OPs post, describes that housing is a locked / controlled asset (due to it being a speculative investment) , which has itself created an artificial shortage.
Maybe spend less time confusing the issue, and take up a pitchfork against speculative home ownership.
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That's the TL;DR. Not that we didn't already know, but nice to see it confirmed (yet again).