Homeless peasant has a rant.

There's been a lot of talk lately about the escalating cost of houses and rent. Basically, those of us who were too lazy or a few years shy of getting our arses into gear to buy a house have been left behind. And because houses are so bloody expensive, the people who do have a few lazy million to buy them are looking elsewhere for more profitable investments; so the cost of rent is getting ridiculous too.

I've been largely protected from all these goings on because I'm in a cozy rental agreement (thanks Mum). But it's seriously depressing to think that I'm going to be left behind entirely. A new report suggests that you need a combined household income of about $100K to buy a median priced house in anywhere in Australia... READ: if you're on a single income or in a single income family you're screwed.

Of course I'm kicking myself NOW that I didn't get into the market earlier. But spending my money was fun at the time, and who would have thought prices would jump 50 percent in a year?

And to all those fogeys who say young people expect too much for their first house: shut your piehole. If you're on the median wage of $55K a year you're barely able to afford a one bedroom flat in Perth, let alone a four by two.

To the landless underclass, I offer a solution: move back in with your parents and refuse to buy property of any sort. Demand will drop, prices will fall and then we can pick over the remains like the happy little vultures we are. Failing that, find yourself a partner, cross your fingers and bump up your combined salary to $100K a year (and don't ever get pregnant or sick).