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Homes are unaffordable in 80% of larger U.S. counties, analysis finds (www.cbsnews.com)

submitted 3 months ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 3 months ago

Not a problem: the federal government, the banks, the mortgage brokers, and corporate media will just redefine affordable in order to juke the numbers. Say 35% instead of 28%.

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[–] [email protected] 2 points 3 months ago

All we have to do is normalize a debt to income ratio of 75% and homes are affordable

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