Emeritus Prof Christopher May on Nostr: If 'affordability' in housing is seen as a house costing less than 5x your annual ...
If 'affordability' in housing is seen as a house costing less than 5x your annual income (recalling that in 1960s/70s the average multiple was around 3x), then only those in the highest income decile (the top 10% of earners actually are able to access 'affordable' housing;
for everyone else it is just varying levels of unafforability shading into impossibility..... this is the stark reality of our housing crisis;
Either wages need to radically rise or house prices radically fall!
#housing
Published at
2024-12-09 16:26:12Event JSON
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