Roger Wilkins

I do all mine at home or at work.

So I'm fortunate that we have a coffee machine here at work.

So yeah, I'm pretty staggered to hear that it's $8 for a coffee.

That's getting ridiculous.

Yeah, well, it's becoming more and more true, that statement.

I guess we used to think it was a bit ridiculous to say you could get a house deposit together by avoiding coffee, but it's not sounding so ridiculous if it's $8 a coffee.

Yes.

Imputed rent is a rather abstract concept because there's no actual flow of money.

But what it refers to is if you own your own home, you get housing services from that.

Your house accommodates you.

And what imputed rent is, is it's the value of those services.

It's like if I was to rent that house instead of own it, how much would I have to pay in rent for that?

But as I said, it is very real.

So it's in our national accounts.

So the Australian Bureau of Statistics, when it produces the quarterly GDP figures and so forth, computer rent is in there as part of our income.

So it certainly has legitimacy.

It's not something that me and my co-author, Peter Siminski, have just sort of made up.

It's a very real phenomenon and

And it is actually taxed in some other countries.

I think Denmark's one.