GHT
I'll Lock Up
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The housing problem runs through all the richer countries. The English speaking countries attract more than most simply because of the language. English is the modern day equivalent to Latin.But there is a housing crunch in our more desirable locales. It takes one full-time working class job to cover housing costs for a typical family just getting into the market these days.
High property prices, rising rents and sluggish rates of new-build, the UK is facing a crisis of housing affordability.
According to the retail price index, the inflation rate over the period of time that I have lived at my current address means the property would have doubled in price. It's quadrupled. Tony's point of one working class job covering the costs of a modest home is just as accurate here. Taking up on what Benny described, affordable housing in Australia is no more, and our friends in Canada would probably concur a similar scenario.