High renting percentages in a market can imply which condition?

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Multiple Choice

High renting percentages in a market can imply which condition?

Explanation:
High renting percentages point to affordability problems in the housing market. When prices and ongoing costs of ownership are too high relative to incomes, many people can’t afford to buy, so they opt to rent instead. Mortgage availability or low interest rates would generally make buying easier and reduce the share of renters, whereas high rents themselves reflect that owning isn’t financially feasible for a large portion of households. So the situation best signals that prices are not affordable.

High renting percentages point to affordability problems in the housing market. When prices and ongoing costs of ownership are too high relative to incomes, many people can’t afford to buy, so they opt to rent instead. Mortgage availability or low interest rates would generally make buying easier and reduce the share of renters, whereas high rents themselves reflect that owning isn’t financially feasible for a large portion of households. So the situation best signals that prices are not affordable.

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