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Average Family Can't Afford To Buy Home
AP Business Analyst John Cunniff reports J Rex Duwe president elect of the American Bankers Association argues that the average family cannot afford a single family home due to high costs and rising expenses. He notes housing costs consume a large share of income and calls for reassessing affordable housing standards. Rodino endorses live TV coverage of congressional proceedings but urges safeguards against abuses and careful institutional change.
MENTIONED IN THIS ARTICLE
John Cunniff
New York
American Bankers Association
J. Rex Duwe
Duwe
Lucas
Kan
Association of Commercial Banks
Dawe
Denver
Tye
Congress
Rodino
Congressional
Washington
Peter W. Rodino
House Judiciary Committee
Rodina