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Affordability

The extent to which something is affordable, as measured by its cost relative to the amount that the purchaser is able to pay.

📖 Definitions of "Affordability"

noun
  1. 1

    The extent to which something is affordable, as measured by its cost relative to the amount that the purchaser is able to pay.

    "First-time home buyers are feeling the squeeze of higher interest rates with mortgage affordability at its worst level for 16 years."

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