Monday, November 30, 2015

OCHN: People desire homeownership but fail to save for down payment

A large majority wants to own a house, but only a small minority is actually saving money to meet that objective.

The last line of defense for the housing bulls is the fallacy of pent-up demand. Belief in this fallacy relies on people’s inability to distinguish between desire and demand.
The f...
People desire homeownership but fail to save for down payment

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