Another housing affordability analysis fail

Monday, 30 May 2016

Following in the wake of the Kouk’s idiocy last month, Property valuer Nicholas Beck has tried to argue that housing affordability is better for Gen Ys today than it was for their baby boomer parents. From The AFR:

Property valuer Nicholas Beck… says millennials (those who reached young adulthood in about 2000) should stop moaning and start paying off a mortgage.

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About the author

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.