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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (26612)2/16/2005 9:23:57 PM
From: Wyätt Gwyön  Read Replies (2) | Respond to of 110194
 
The figure represents the proportion of households that can afford the median-priced home based on income, interest rates and a 20 percent down payment

how can it be that only 11% can afford a house assuming an unrealistic 80% LTV (20% down). obviously, the number who can afford at 97-95% LTV (the typical 3-5% down payment) would be less. maybe 5-8% of the population? so, how does anybody even buy a house there.


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