This is a dead set joke. Don’t try and tell me it has always been like this – I wasn’t born yesterday. Around the year 2000 housing was CHEAP and PLENTIFUL !
I think what happened was around 2006 – 2011 all of the kids of the baby boomers started leaving home and getting jobs and all of that stuff and this created a mini ecoomic boom but also there wasn’t enough housing on the market to cope.
Think about it, in 2004, you had 3 kids at home, 2 at university, then in 2007 they both up and moved to canberra or got jobs in their own towns/cities and wanted to rent a place.
What is the main type of housing being built at the moment ? Apartments. Who wants apartments. Young people. Says it all really.