Renters forced to pay higher rents don’t have the income left over to save for a down payment; thus housing suffers.
When bankers examined the common characteristics of borrowers who defaulted on their loans during the housing bust, they noticed that down payment was strongly correlated...
Potential homebuyers can"t save for down payments with high rents
Thursday, October 15, 2015
OCHN: Potential homebuyers can"t save for down payments with high rents
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