NerdWallet is defining some of the slogans and catchphrases that appear in campaign ads and coverage in the weeks leading up to the election. This is the fourth installment in the series.
What does ‘Tax the rich’ mortgage rates over 7%, means there doesn’t seem to be much relief in sight.
When would-be home buyers can’t afford to purchase a home, they may remain in the rental market longer, adding to demand for rental housing. In markets where rental supply can’t keep pace, that can put further upward pressure on rents.
The problem isn’t simply that the U.S. needs more housing. More to the point, it needs more housing that people operating at different income levels can actually afford. In other words, we need more “affordable housing.”
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