Economy, asked by Janeightborn, 10 months ago

What is meant by affordability?

Answers

Answered by sriram231273
1

Answer:

The extent to which something is affordable, as measured by its cost relative to the amount that the purchaser is able to pay.

First-time home buyers are feeling the squeeze of higher interest rates with mortgage affordability at its worst level for 16 years.

Origin: afford + -ability

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