
More Americans are becoming 'house poor' due to high housing costs
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Practice Problem
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What percentage of household income is considered the threshold for being 'house poor'?
50%
40%
30%
20%
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the main reasons for the increase in housing costs for homeowners?
Increased availability of affordable homes
Lower interest rates
Decreasing property taxes
Rising insurance premiums
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How has the stock of affordable rental units changed since 2012?
Decreased by 6 million
Increased by 6 million
Remained the same
Increased by 3 million
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the average monthly mortgage payment mentioned in the report?
$2500
$1800
$1500
$2200
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which state is NOT listed as having a high percentage of 'house poor' households?
Hawaii
New York
Arkansas
California
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