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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: KyrosL who wrote (17489)2/18/2004 11:25:57 AM
From: Elroy JetsonRead Replies (1) of 306849
 
Some have suggested to me that the superior universal health care system in Australia takes away people's right to ill health and an early death. I find it difficult to sympathize with this point of view.

Net Worth per Household in Australia is twice that of the U.S., in spite of the fact that Australians earns slightly less per household. Debt levels, both as a percentage of income and as a percentage of debt is much lower in Australia than it is in America.

Some have suggested this higher net worth and lower debt levels demonstrates a lack of risk taking by Australians. But I have to question the merit of risk taking which leads only to a 50% reduction in net worth.

Other's have suggested that the lack of subsidies for residential real estate by the Australian government has simply resulted in lower home prices than can be found in the American market, which is subsidized at patriotic levels. I would suggest that lower real estate prices due to fewer government subsidies is possibly a good thing.
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