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, 1995 (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....| 32,396 | 100.0 | 18,739 | 100.0 | 2,054 | 100.0 | 11,603 | 100.0 | 24,913 | 100.0 | Cash problem only..................| 10,690 | 33.0 | 9,224 | 49.2 | 308 | 15.0 | 1,158 | 10.0 | 4,084 | 16.4 | Debt level too high..............| 5,982 | 18.5 | 5,173 | 27.6 | 183 | 8.9 | 625 | 5.4 | 1,873 | 7.5 | Cannot afford down payment.......| 4,709 | 14.5 | 4,051 | 21.6 | 125 | 6.1 | 533 | 4.6 | 2,210 | 8.9 | Income problem only-cannot afford | | | | | | | | | | | monthly payments.................| 3,660 | 11.3 | 1,927 | 10.3 | 339 | 16.5 | 1,395 | 12.0 | 3,918 | 15.7 | Cash problem and income problem....| 18,046 | 55.7 | 7,588 | 40.5 | 1,408 | 68.5 | 9,050 | 78.0 | 16,911 | 67.9 | Debt level too high/cannot afford| | | | | | | | | | | monthly payments...............| 12,174 | 37.6 | 4,499 | 24.0 | 903 | 43.9 | 6,773 | 58.4 | 9,825 | 39.4 | Cannot afford down payment/cannot| | | | | | | | | | | afford monthly payments........| 5,871 | 18.1 | 3,090 | 16.5 | 505 | 24.6 | 2,277 | 19.6 | 7,086 | 28.4 | | | | | | | | | | | | | | | | | | | | | | | Current owners cannot afford.| 13,092 | 100.0 | 8,572 | 100.0 | 755 | 100.0 | 3,765 | 100.0 | 6,548 | 100.0 | Cash problem only..................| 5,297 | 40.5 | 4,696 | 54.8 | 153 | 20.3 | 447 | 11.9 | 999 | 15.2 | Debt level too high..............| 3,580 | 27.3 | 3,196 | 37.3 | 109 | 14.4 | 275 | 7.3 | 527 | 8.1 | Cannot afford down payment.......| 1,717 | 13.1 | 1,501 | 17.5 | 44 | 5.9 | 172 | 4.6 | 471 | 7.2 | Income problem only-cannot afford | | | | | | | | | | | monthly payments.................| 3,248 | 24.8 | 1,678 | 19.6 | 308 | 40.7 | 1,262 | 33.5 | 2,652 | 40.5 | Cash problem and income problem....| 4,547 | 34.7 | 2,198 | 25.6 | 294 | 38.9 | 2,056 | 54.6 | 2,898 | 44.3 | Debt level too high/cannot afford| | | | | | | | | | | monthly payments...............| 2,851 | 21.8 | 1,362 | 15.9 | 163 | 21.6 | 1,326 | 35.2 | 1,606 | 24.5 | Cannot afford down payment/cannot| | | | | | | | | | | afford monthly payments........| 1,696 | 13.0 | 836 | 9.7 | 131 | 17.4 | 730 | 19.4 | 1,292 | 19.7 | | | | | | | | | | | | | | | | | | | | | | | Current renters cannot afford| 19,304 | 100.0 | 10,167 | 100.0 | 1,299 | 100.0 | 7,838 | 100.0 | 18,365 | 100.0 | Cash problem only..................| 5,393 | 27.9 | 4,528 | 44.5 | 154 | 11.9 | 711 | 9.1 | 3,085 | 16.8 | Debt level too high..............| 2,402 | 12.4 | 1,977 | 19.4 | 74 | 5.7 | 350 | 4.5 | 1,346 | 7.3 | Cannot afford down payment.......| 2,991 | 15.5 | 2,551 | 25.1 | 80 | 6.2 | 361 | 4.6 | 1,739 | 9.5 | Income problem only-cannot afford | | | | | | | | | | | monthly payments.................| 413 | 2.1 | 249 | 2.4 | 31 | 2.4 | 133 | 1.7 | 1,267 | 6.9 | Cash problem and income problem....| 13,498 | 69.9 | 5,391 | 53.0 | 1,114 | 85.7 | 6,994 | 89.2 | 14,013 | 76.3 | Debt level too high/cannot afford| | | | | | | | | | | monthly payments...............| 9,323 | 48.3 | 3,137 | 30.9 | 740 | 56.9 | 5,447 | 69.5 | 8,219 | 44.8 | Cannot afford down payment/cannot| | | | | | | | | | | afford monthly payments........| 4,175 | 21.6 | 2,254 | 22.2 | 374 | 28.8 | 1,547 | 19.7 | 5,794 | 31.5 | ------------------------------------------------------------------------------------------------------------------------------------------- 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, 1995 - Continued (Numbers in 000's. Data may not add to total since more than one reason may prevent qualifying.) ------------------------------------------------------------------------------------------------------------------------------------------- | 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 FHA, FIXED-RATE, 30-YEAR | | | | | | | | | | | FINANCING | | | | | | | | | | | | | | | | | | | | | | Total cannot afford house....| 30,703 | 100.0 | 17,190 | 100.0 | 2,015 | 100.0 | 11,499 | 100.0 | 24,445 | 100.0 | Cash problem only..................| 9,953 | 32.4 | 8,312 | 48.4 | 338 | 16.8 | 1,303 | 11.3 | 4,301 | 17.6 | Debt level too high..............| 5,209 | 17.0 | 4,415 | 25.7 | 186 | 9.2 | 608 | 5.3 | 1,939 | 7.9 | Cannot afford down payment.......| 4,744 | 15.5 | 3,897 | 22.7 | 152 | 7.5 | 695 | 6.0 | 2,362 | 9.7 | Income problem only-cannot afford | | | | | | | | | | | monthly payments.................| 4,382 | 14.3 | 2,416 | 14.1 | 411 | 20.4 | 1,554 | 13.5 | 4,593 | 18.8 | Cash problem and income problem....| 16,369 | 53.3 | 6,462 | 37.6 | 1,265 | 62.8 | 8,642 | 75.2 | 15,551 | 63.6 | Debt level too high/cannot afford| | | | | | | | | | | monthly payments...............| 11,074 | 36.1 | 3,787 | 22.0 | 823 | 40.8 | 6,464 | 56.2 | 8,816 | 36.1 | Cannot afford down payment/cannot| | | | | | | | | | | afford monthly payments........| 5,295 | 17.2 | 2,675 | 15.6 | 442 | 22.0 | 2,178 | 18.9 | 6,735 | 27.6 | | | | | | | | | | | | | | | | | | | | | | | Current owners cannot afford.| 11,833 | 100.0 | 7,387 | 100.0 | 743 | 100.0 | 3,703 | 100.0 | 6,396 | 100.0 | Cash problem only..................| 4,281 | 36.2 | 3,688 | 49.9 | 145 | 19.5 | 448 | 12.1 | 924 | 14.4 | Debt level too high..............| 3,150 | 26.6 | 2,791 | 37.8 | 105 | 14.2 | 254 | 6.9 | 511 | 8.0 | Cannot afford down payment.......| 1,131 | 9.6 | 897 | 12.1 | 40 | 5.3 | 195 | 5.3 | 412 | 6.4 | Income problem only-cannot afford | | | | | | | | | | | monthly payments.................| 3,773 | 31.9 | 2,036 | 27.6 | 362 | 48.7 | 1,375 | 37.1 | 2,948 | 46.1 | Cash problem and income problem....| 3,779 | 31.9 | 1,663 | 22.5 | 236 | 31.8 | 1,880 | 50.8 | 2,524 | 39.5 | Debt level too high/cannot afford| | | | | | | | | | | monthly payments...............| 2,527 | 21.4 | 1,096 | 14.8 | 151 | 20.3 | 1,280 | 34.6 | 1,409 | 22.0 | Cannot afford down payment/cannot| | | | | | | | | | | afford monthly payments........| 1,252 | 10.6 | 567 | 7.7 | 85 | 11.5 | 600 | 16.2 | 1,115 | 17.4 | | | | | | | | | | | | | | | | | | | | | | | Current renters cannot afford| 18,870 | 100.0 | 9,803 | 100.0 | 1,272 | 100.0 | 7,795 | 100.0 | 18,049 | 100.0 | Cash problem only..................| 5,672 | 30.1 | 4,624 | 47.2 | 193 | 15.2 | 854 | 11.0 | 3,377 | 18.7 | Debt level too high..............| 2,059 | 10.9 | 1,624 | 16.6 | 81 | 6.4 | 354 | 4.5 | 1,428 | 7.9 | Cannot afford down payment.......| 3,613 | 19.1 | 3,000 | 30.6 | 112 | 8.8 | 500 | 6.4 | 1,949 | 10.8 | Income problem only-cannot afford | | | | | | | | | | | monthly payments.................| 609 | 3.2 | 380 | 3.9 | 50 | 3.9 | 179 | 2.3 | 1,645 | 9.1 | Cash problem and income problem....| 12,590 | 66.7 | 4,799 | 49.0 | 1,029 | 80.9 | 6,762 | 86.7 | 13,027 | 72.2 | Debt level too high/cannot afford| | | | | | | | | | | monthly payments...............| 8,547 | 45.3 | 2,691 | 27.5 | 672 | 52.8 | 5,184 | 66.5 | 7,407 | 41.0 | Cannot afford down payment/cannot| | | | | | | | | | | afford monthly payments........| 4,043 | 21.4 | 2,108 | 21.5 | 357 | 28.1 | 1,578 | 20.2 | 5,620 | 31.1 | -------------------------------------------------------------------------------------------------------------------------------------------