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Unpacking the True Cost of Homeownership
On this episode of "At the Edge of it All," Norm Miller, Ernest W. Hahn Chair of Real Estate Finance, Emeritus, broke down a new housing affordability index he created at USD's Burnham-Moores Center for Real Estate that looks at all of the costs associated with home ownership. He shared why determining if you can afford a home should factor in costs like insurance and HOA fees and not just interest rates and the mortgage. Miller also discussed how he hopes his quarterly date can spark new conversations on housing affordability and the true cost of home ownership.
The skinny
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