America’s gummed-up housing market is a $45 trillion mess — a big old knot of economic forces smashing into a century’s worth of cultural conditioning about the value of homeownership.
  • wagesj45@kbin.run
    3·
    5 months ago

    If borrowers are unable to afford a down payment, that almost certainly means they have very little financial flexibility.

    Possibly. It might also deplete their only source of financial flexibility, too.