The phrase
"affordability problems" refers to situations where people have difficulty or struggle to pay for things because they are too expensive.
Full definition
While many are still struggling
with affordability problems, buyers reported that finding the right property was the biggest struggle in the home - buying process.
«A consequence of that is we'll see an increase in housing
affordability problems in this country — incomes are low for this population,» says the CHP's Lubell.
But the mayors of Kelowna and West Kelowna — who acknowledge the need to
address affordability problems in their own cities — worry the new tax will kill the real estate market and push investors to nearby communities like Penticton, B.C., which, for now, are exempt.
«The downside of sharper than normal price growth is if that goes on for a prolonged period of time, then ultimately we run
into affordability problems and you start to price people out of the market,» Molony said.
Yet the din of calls for politicians and policy - makers to
tackle affordability problems in red - hot markets like Vancouver and Toronto has grown deafening.
In her view, that is probably just a start, because the inadequate funding of other social programs — Medicaid, childcare support, food stamps, housing assistance — compounds the
college affordability problem for low - income families.
Rising mortgage interest rates
pose affordability problems for all home buyers, but current homeowners looking to buy a new home are in a uniquely challenging situation: At higher rates, monthly payments on even a similarly - valued home will go up, to say nothing of a more expensive home.
Part 1 Application, directed to Bell Canada and WiMacTel Inc., «Regarding Billing of Calls Placed From Bell Canada Payphones Which Contravene The Telecommunications Act And Are Inconsistent With Directives Issued By The Commission» No Consumer Left Behind Part II: Is There a
Communications Affordability Problem in Canada?
A report on immigrants» effects on local economies by Partnership for a New American Economy concludes «immigrants can simultaneously boost housing prices in some areas while easing housing
affordability problems elsewhere,» because many gravitate to affordable neighborhoods and revitalize areas in decline.
The country's impressive homeownership gains over the past several years reside uneasily next to continued lagging minority homeownership rates and
increasing affordability problems.
There are vulnerable markets today, particularly those facing entrenched housing
affordability problems such as some in California and Florida.
The study, conducted for NAR by Wade R. Ragas, professor of finance with the University of New Orleans Real Estate Market Data Center, shows that slow job growth and modest wages have
worsened affordability problems for the area's low - and moderate - income households.
But when you combine rising interest rates with growing regulatory burdens as governments try to restrict growth, you have a recipe for
mounting affordability problems that's affecting mainly young households and other first - time buyers — and they're the engines that drive the homeownership market, Edwards said.
«There are some ominous signs
of affordability problems on the horizon that warrant urgent attention» to these provisions, Whatley said.
Escalating
rental affordability problems come at a time when the share of Americans that rent has increased from 31 percent in 2004 to 35 percent in 2012.
Importantly, the research finds that immigrants revitalize less desirable neighborhoods in costly metropolitan areas, opening up new alternatives for middle - and working - class Americans to buy homes, and immigration supports the housing market without exacerbating the nation's
worst affordability problems, because immigrants themselves tend not to settle in the most expensive places.
While the United States increasingly wrestles with the issue, a recent study of 300 metropolitan areas around the world ranked North America as a market with far
fewer affordability problems than most.
«Price appreciation has been strong for a while, and some areas are seeing demand hurt
by affordability problems, especially for high - end homes; however, the slowdown this year will only be modest because of continuing lack of inventory, especially at the low - to - middle price ranges.»
The bottom line: Practitioners are well positioned to help buyers, but they need to know what resources and solutions are out there to address the
growing affordability problem.
So knowledge workers feeling priced out of high cost metros can move to cheaper Sun Belt metros,
creating affordability problems in places less familiar with them historically.
«Reforming regulations to encourage new building won't be easy, but city governments have policy levers at their disposal to help alleviate housing
affordability problems in Canada's major cities,» Green said.
And this is causing
affordability problems for many would - be home buyers, especially those in hot markets like Dallas, Denver and San Francisco.
Over time, this kind of economic mismatch can lead to housing
affordability problems.
In a statement Airbnb provided to Quartz, the company argued that its service is not causing the city's
affordability problem, and that the city's planning department could itself be doing more to solve it: «Home sharing,» the statement said, «is an economic lifeline for thousands of San Franciscans who depend on the extra income to stay in their homes.»
This has created
affordability problems for would - be home buyers in many cities in the region, including Concord.
To help address the city's housing, homelessness and
affordability problem, Gov. Andrew Cuomo on Thursday announced «Vital Brooklyn,» a program through which he proposed spending $ 1.4 billion in the borough.
«We have
an affordability problem that's driving residents and businesses to other states.
While it's a good sign that the B.C. government is taking
that affordability problems in Vancouver and the lower mainland quite seriously, I'm not so sure that a retroactive tax is the best first step.
Certainly there are advantages to a tiered system, but those benefits may do little to address
the affordability problems faced by home buyers, nor will it significantly reduce the government's risk when it comes to insured mortgages.
Thus, it is essential to plan and decide on the payments before you select a mortgage for yourself, so that there are
no affordability problems in the future and you do not risk losing your home because of defaulting.
So if the homeowners can no longer make their mortgage payments (perhaps due to job loss or
affordability problems), the bank will be insured by the federal government though the FHA.
Chris Boyle: The main challenge, in my view, is the late - cycle stage of the economic recovery we're in currently and the subsequent pressures on the industry — mainly tight inventory,
affordability problems and rising interest rates.
I have explained how the necessary law society capability could be accomplished and paid for, and thereby the «
affordability problem» solved.
Phrases with «affordability problems»