{"id":1650,"date":"2015-08-22T18:06:39","date_gmt":"2015-08-22T18:06:39","guid":{"rendered":"http:\/\/www.orangesand.com\/?p=1650"},"modified":"2015-08-22T18:06:39","modified_gmt":"2015-08-22T18:06:39","slug":"the-affordability-gap-part-3","status":"publish","type":"post","link":"http:\/\/www.thebains.com\/blog\/2015\/08\/22\/the-affordability-gap-part-3\/","title":{"rendered":"THE AFFORDABILITY GAP &#8211; part 3"},"content":{"rendered":"<p>46% of Texas households can only afford a house up to $150,000 if 3% paid for a down payment.\u00a0 This means they could not\u00a0 meet the 35% limit of monthly housing cost to monthly income requirement.\u00a0 As interest rates increase then either purchase less house OR increase down payment.\u00a0 In Texas over the past decades home price increases have been modest with income going up some.\u00a0 Since the 2007 recession there is a\u00a0 wider margin as incomes have NOT increased as fast as home prices.\u00a0 This creates UNCERTAINTY ON FUTURE TEXAS HOME AFFORDABILITY.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>46% of Texas households can only afford a house up to $150,000 if 3% paid for a down payment.\u00a0 This means they could not\u00a0 meet the 35% limit of monthly housing cost to monthly income requirement.\u00a0 As interest rates increase then either purchase less house OR increase down payment.\u00a0 In Texas over the past decades [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"_links":{"self":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts\/1650"}],"collection":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/comments?post=1650"}],"version-history":[{"count":1,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts\/1650\/revisions"}],"predecessor-version":[{"id":1651,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts\/1650\/revisions\/1651"}],"wp:attachment":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/media?parent=1650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/categories?post=1650"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/tags?post=1650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}