Jump to content
House Price Crash Forum
Sign in to follow this  

Affordable Housing

Recommended Posts


A brilliant article. Enjoy!

some nice snippets

Try this exercise: Walk into any car dealership and tell them you can not afford to buy a new car. They will find a way to make it "affordable" by stretching out the payments from 3 to 5 to even 7 years if they have to so that you can make the monthly payment. Does that really make it affordable?

Also let's not confuse affordability with value. Ownership costs vs. rental costs are at staggeringly high ratios in many areas. Can the average person really "afford" to pay 30-50% too much for a house or condo? That's how overpriced some areas are on a cost to rent basis. Can you afford to lose $100,000 on that $400,000 condo if the price drops next year? Somehow that question is not being asked.

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.