Table 3-5. Reason Modestly Priced Home Cannot be Afforded for Families and Unrelated Individuals Below Affordability Level, by Current Tenure and Type of Financing: United States, 1991 (Numbers in 000's. Data may not add to total due to rounding.) -------------------------------------------------------------------------------------------------------------------------------------------- | Families | | |--------------------------------------------------------------------------------| | | | | | | | | | |Male householder, |Female householder,| | | Total | Married-couple |no wife present |no husband present |Unrelated individuals | |--------------------|-------------------|-------------------|-------------------|----------------------| Reason | Number | Percent | Number | Percent | Number | Percent | Number | Percent | Number | Percent | -----------------------------------|----------|---------|---------|---------|---------|---------|---------|---------|------------|---------| USING CONVENTIONAL, FIXED-RATE, | | | | | | | | | | | 30-YEAR FINANCING | | | | | | | | | | | Total cannot afford house....| 29,461 | 100.0 | 17,583 | 100.0 | 1,616 | 100.0 | 10,262 | 100.0 | 23,994 | 100.0 | Cash problem only..................| 9,806 | 33.3 | 8,417 | 47.9 | 355 | 22.0 | 1,034 | 10.1 | 3,552 | 14.8 | Debt level too high..............| 5,715 | 19.4 | 5,049 | 28.7 | 137 | 8.5 | 530 | 5.2 | 1,676 | 7.0 | Cannot afford down payment.......| 4,091 | 13.9 | 3,368 | 19.2 | 218 | 13.5 | 504 | 4.9 | 1,876 | 7.8 | Income problem only-cannot afford | | | | | | | | | | | monthly payments.................| 3,601 | 12.2 | 2,169 | 12.3 | 241 | 14.9 | 1,191 | 11.6 | 4,234 | 17.6 | Cash problem and income problem....| 16,054 | 54.5 | 6,997 | 39.8 | 1,020 | 63.1 | 8,038 | 78.3 | 16,208 | 67.6 | Debt level too high/cannot afford| | | | | | | | | | | monthly payments...............| 10,953 | 37.2 | 4,387 | 24.9 | 670 | 41.5 | 5,896 | 57.5 | 9,164 | 38.2 | Cannot afford down payment/cannot| | | | | | | | | | | afford monthly payments........| 5,101 | 17.3 | 2,610 | 14.8 | 350 | 21.6 | 2,141 | 20.9 | 7,044 | 29.4 | | | | | | | | | | | | Current owners cannot afford.| 12,374 | 100.0 | 8,454 | 100.0 | 694 | 100.0 | 3,226 | 100.0 | 6,691 | 100.0 | Cash problem only..................| 5,069 | 41.0 | 4,524 | 53.5 | 170 | 24.4 | 375 | 11.6 | 1,080 | 16.1 | Debt level too high..............| 3,358 | 27.1 | 3,039 | 36.0 | 87 | 12.5 | 232 | 7.2 | 611 | 9.1 | Cannot afford down payment.......| 1,710 | 13.8 | 1,484 | 17.6 | 83 | 11.9 | 143 | 4.4 | 468 | 7.0 | Income problem only-cannot afford | | | | | | | | | | | monthly payments.................| 3,149 | 25.4 | 1,868 | 22.1 | 210 | 30.3 | 1,071 | 33.2 | 2,734 | 40.9 | Cash problem and income problem....| 4,157 | 33.6 | 2,062 | 24.4 | 314 | 45.2 | 1,780 | 55.2 | 2,877 | 43.0 | Debt level too high/cannot afford| | | | | | | | | | | monthly payments...............| 2,693 | 21.8 | 1,309 | 15.5 | 212 | 30.5 | 1,171 | 36.3 | 1,588 | 23.7 | Cannot afford down payment/cannot| | | | | | | | | | | afford monthly payments........| 1,464 | 11.8 | 753 | 8.9 | 102 | 14.7 | 609 | 18.9 | 1,290 | 19.3 | | | | | | | | | | | | Current renters cannot afford| 17,087 | 100.0 | 9,129 | 100.0 | 922 | 100.0 | 7,036 | 100.0 | 17,304 | 100.0 | Cash problem only..................| 4,737 | 27.7 | 3,893 | 42.6 | 185 | 20.1 | 659 | 9.4 | 2,473 | 14.3 | Debt level too high..............| 2,357 | 13.8 | 2,009 | 22.0 | 50 | 5.4 | 298 | 4.2 | 1,064 | 6.2 | Cannot afford down payment.......| 2,381 | 13.9 | 1,884 | 20.6 | 136 | 14.7 | 361 | 5.1 | 1,408 | 8.1 | Income problem only-cannot afford | | | | | | | | | | | monthly payments.................| 452 | 2.6 | 301 | 3.3 | 31 | 3.3 | 120 | 1.7 | 1,500 | 8.7 | Cash problem and income problem....| 11,898 | 69.6 | 4,935 | 54.1 | 706 | 76.6 | 6,258 | 88.9 | 13,331 | 77.0 | Debt level too high/cannot afford| | | | | | | | | | | monthly payments...............| 8,260 | 48.3 | 3,077 | 33.7 | 458 | 49.7 | 4,725 | 67.2 | 7,576 | 43.8 | Cannot afford down payment/cannot| | | | | | | | | | | afford monthly payments........| 3,637 | 21.3 | 1,857 | 20.3 | 247 | 26.8 | 1,533 | 21.8 | 5,755 | 33.3 | | | | | | | | | | | | | | | | | | | | | | | USING FHA, FIXED-RATE, 30-YEAR | | | | | | | | | | | FINANCING | | | | | | | | | | | Total cannot afford house....| 27,301 | 100.0 | 15,643 | 100.0 | 1,572 | 100.0 | 10,087 | 100.0 | 23,324 | 100.0 | Cash problem only..................| 9,315 | 34.1 | 7,643 | 48.9 | 364 | 23.2 | 1,308 | 13.0 | 4,163 | 17.8 | Debt level too high..............| 5,107 | 18.7 | 4,356 | 27.8 | 131 | 8.3 | 620 | 6.1 | 1,876 | 8.0 | Cannot afford down payment.......| 4,209 | 15.4 | 3,288 | 21.0 | 233 | 14.8 | 688 | 6.8 | 2,287 | 9.8 | Income problem only-cannot afford | | | | | | | | | | | monthly payments.................| 4,057 | 14.9 | 2,395 | 15.3 | 272 | 17.3 | 1,390 | 13.8 | 4,784 | 20.5 | Cash problem and income problem....| 13,929 | 51.0 | 5,605 | 35.8 | 935 | 59.5 | 7,389 | 73.3 | 14,378 | 61.6 | Debt level too high/cannot afford| | | | | | | | | | | monthly payments...............| 9,629 | 35.3 | 3,494 | 22.3 | 626 | 39.8 | 5,510 | 54.6 | 8,098 | 34.7 | Cannot afford down payment/cannot| | | | | | | | | | | afford monthly payments........| 4,300 | 15.7 | 2,111 | 13.5 | 309 | 19.7 | 1,879 | 18.6 | 6,279 | 26.9 | | | | | | | | | | | | Current owners cannot afford.| 10,781 | 100.0 | 7,019 | 100.0 | 663 | 100.0 | 3,099 | 100.0 | 6,440 | 100.0 | Cash problem only..................| 4,099 | 38.0 | 3,547 | 50.5 | 156 | 23.6 | 396 | 12.8 | 1,147 | 17.8 | Debt level too high..............| 2,960 | 27.5 | 2,607 | 37.1 | 85 | 12.8 | 268 | 8.6 | 682 | 10.6 | Cannot afford down payment.......| 1,139 | 10.6 | 939 | 13.4 | 71 | 10.7 | 129 | 4.2 | 464 | 7.2 | Income problem only-cannot afford | | | | | | | | | | | monthly payments.................| 3,408 | 31.6 | 1,971 | 28.1 | 237 | 35.8 | 1,200 | 38.7 | 2,905 | 45.1 | Cash problem and income problem....| 3,274 | 30.4 | 1,502 | 21.4 | 270 | 40.7 | 1,503 | 48.5 | 2,389 | 37.1 | Debt level too high/cannot afford| | | | | | | | | | | monthly payments...............| 2,226 | 20.6 | 972 | 13.8 | 197 | 29.7 | 1,057 | 34.1 | 1,375 | 21.4 | Cannot afford down payment/cannot| | | | | | | | | | | afford monthly payments........| 1,048 | 9.7 | 530 | 7.5 | 73 | 11.0 | 446 | 14.4 | 1,014 | 15.7 | | | | | | | | | | | | Current renters cannot afford| 16,520 | 100.0 | 8,624 | 100.0 | 909 | 100.0 | 6,988 | 100.0 | 16,884 | 100.0 | Cash problem only..................| 5,216 | 31.6 | 4,097 | 47.5 | 208 | 22.9 | 911 | 13.0 | 3,016 | 17.9 | Debt level too high..............| 2,147 | 13.0 | 1,749 | 20.3 | 46 | 5.0 | 353 | 5.0 | 1,194 | 7.1 | Cannot afford down payment.......| 3,069 | 18.6 | 2,348 | 27.2 | 162 | 17.9 | 559 | 8.0 | 1,822 | 10.8 | Income problem only-cannot afford | | | | | | | | | | | monthly payments.................| 649 | 3.9 | 424 | 4.9 | 35 | 3.9 | 190 | 2.7 | 1,879 | 11.1 | Cash problem and income problem....| 10,654 | 64.5 | 4,103 | 47.6 | 665 | 73.2 | 5,886 | 84.2 | 11,989 | 71.0 | Debt level too high/cannot afford| | | | | | | | | | | monthly payments...............| 7,403 | 44.8 | 2,522 | 29.2 | 429 | 47.2 | 4,452 | 63.7 | 6,723 | 39.8 | Cannot afford down payment/cannot| | | | | | | | | | | afford monthly payments........| 3,251 | 19.7 | 1,581 | 18.3 | 237 | 26.0 | 1,434 | 20.5 | 5,266 | 31.2 | --------------------------------------------------------------------------------------------------------------------------------------------