Fairfax columnist, Malcolm Maiden, produced a tortured analysis over the weekend, telling generations X & Y to stop complaining about housing affordability:
You have probably seen reports recently that house prices have returned to record highs as a percentage of household income. The dollar value of debts that are being taken on to purchase homes is also therefore at record highs.
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Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
