Sentences with phrase «afford higher housing costs»

Not exact matches

Tech companies bidding for coveted talent are indirectly driving housing costs higher than most people can easily afford.

If you can't afford both the down payment and the closing costs, you should probably reconsider whether you should buy a house because you'll need to pay high monthly costs for the personal loan and mortgage.

While most New Yorkers scratch and scape to afford the city's sky - high housing costs, a group of millionaires has found an underhanded way to take advantage of a major middle - income - apartment program and pay minuscule rents, a state audit determined.

While most New Yorkers scratch and scape to afford the city's sky - high housing costs, a group of millionaires has found an underhanded way to take advantage of a major middle - income - apartment program and pay minuscule rents.

If you can't afford both the down payment and the closing costs, you should probably reconsider whether you should buy a house because you'll need to pay high monthly costs for the personal loan and mortgage.

If you buy more house or car than you can comfortably afford, then you are creating a structurally high cost of living that you may not be able to control.

In fact, with a housing crisis still rampant many homeowners with high cost monthly mortgage payments that don't have credit or mortgage life insurance protection may be putting their families at risk for bankruptcy or years of interest payments on a home loan they can't afford.

Those with higher incomes will have higher residual incomes so they can afford to pay more in housing costs.

State Senator Joseph Griffo, Chair of the Senate Energy Committee, said, «As many New Yorkers struggle to afford the high energy costs of their homes, this funding to build new energy - efficient housing will help lower - income families save money while protecting them from sporadic spikes in utility rates.»

Perhaps now that you have settled into the house, you can afford slightly higher premiums for the expanded coverage offered by replacement cost.

The rising rental cost of a single - family home is creating stress for tenants since the average income in the U.S. is not high enough to afford these houses.

That's because so many borrowers there, facing high housing costs, turned to risky subprime loans during the boom and now are in trouble as rates reset to levels they can't afford.

Since San Francisco ranks No. 1 in the hottest housing markets for the spring homebuying season and is also known where top - earning professionals can afford expensive housing costs, millennials signed on for the highest average mortgage loans at $ 505,160 making it the biggest average down payments to be $ 162,474.

Development costs are now too high for builders to create new apartments with relatively low rents without help from the government's affordable housing programs, and those programs have limits on how much new housing they can afford to build.