Meaning affordability
What does affordability mean? Here you find 4 meanings of the word affordability. You can also add a definition of affordability yourself
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affordabilityDefinition When a house's price is within the financial means of a consumer. Affordability is generally represented by the absolute highest price the consumer can pay for a house, while being aut [..]
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affordabilityA consumer's capacity to afford a house. Affordability is usually expressed in terms of the maximum price the consumer could pay for a house, and be approved for the mortgage required to p [..]
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affordabilityAn estimate as to how much a person can afford in order to purchase a home. Affordability gives the consumer a possible price that they could be approved for and also gives the amount they will be req [..]
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affordabilityThe price of housing (whether for rent or sale) in relation to local incomes. The usual benchmark is 30-35% of lower quartile household incomes.
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