Median Household Income required for #AUStriches to afford a house in each capital city assuming:
- 20% deposit
- 30 year mortgage
- Inc Property Taxes & Stamp Duty
- Mortgage max 30% of Income
Sydney is at $326K - Melbourne at $222k 
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Here is an example of the changes in income required to afford a house in Sydney over time #AUStriches
This is what the monetisation of property looks like. I know this is not the only contributor to the housing crisis, but I believe it is the only variable we can eliminate without relying on collective action
Buy #Bitcoin and do your part to eleviate the housing crisis TODAY!
When you buy a house do you really own it.
While you continue to pay taxes local state and federal for the said property the answer would be no. Let alone mortgage repayments
The cost of holding Bitcoin is the cost of a hardware device
Makes you think; what are property rights? 🤔
The monetary premium being sucked out of real estate will be just as painful as it currently is with the premium being sucked in.
Either way, it sucks to be the average pleb.
