Low- to moderate-income Melburnians are being priced out of “affordable” housing, according to new research.

  • Nath@aussie.zone
    link
    fedilink
    arrow-up
    19
    ·
    1 year ago

    There are full time jobs on Seek advertised for less than we pay in rent. Not that I want to be a deli assistant at IGA, but it’s a bit wild to think there are lots of people who make less money working full-time than my landlord gets from just one of his properties (I know he has at least 3 besides this one).

    • SokathHisEyesOpen@lemmy.ml
      link
      fedilink
      English
      arrow-up
      3
      arrow-down
      7
      ·
      1 year ago

      Your landlord doesn’t keep everything you pay for rent as profit. They’ll have a mortgage, insurance, taxes, etc. They can still make a shit ton of money though if they bought before the market exploded. I know my landlord’s mortgage on the place I live is less than a third of what I pay in rent.

      • Nath@aussie.zone
        link
        fedilink
        arrow-up
        11
        ·
        1 year ago

        You say that as though our IGA deli assistant friend doesn’t need to pay taxes, insurance, housing expenses. They don’t get to keep their whole pay cheque and head out on the town, either.