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This reads a bit like "if you exclude all the people that can't afford a home, then the data suggests everyone can afford a home." Of course lower down payment
by duped 5y ago
This reads a bit like "if you exclude all the people that can't afford a home, then the data suggests everyone can afford a home."
Of course lower down payments increase access to real estate. The problem is half of all Americans can't even afford closing costs, let alone a down payment.
- 1123581321 5y agoClose-it’s saying that there is a group of Americans approaching a 3.5-5% down payment who are in economically similar situations to people without savings, the difference being their saving/spending priorities. Appreciate the concession about the lower down payment mattering.