Wednesday, November 28, 2007

House Affordability

I was moaning about my mortgage at work today. (oh whats new?) Housing is getting damn near unaffordable for a lot of people. This latest housing boom is out of whack and houses cost double what they did a short while ago. So anyway I was moaning about my mortgage and an elder colleague of mine said "But its always been like that, there are always housing booms"
True, but this latest one is completely out of scale. See above graph.

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