Question: What Is Meant By Affordability?

How do you use extensive in a sentence?

The hospital was much more extensive than I expected.

I didn’t know he had such an extensive library.

Extensive coal mines are in the vicinity, and there are manufactures of iron and steel, mill machinery, door and sash factories, etc., as well as several shipbuilding yards..

What’s the opposite of affordable?

Antonyms for affordable exorbitant, costly, premium, pricey, expensive.

How is affordability defined?

: able to be afforded : having a cost that is not too high products sold at affordable prices an affordable purchase affordable housing [=housing that is not too expensive for people of limited means]

What is the synonym of affordable?

inexpensive, reasonable, budget-friendly, cheap, approachable, attainable, feasible, cost-efficient, achievable, bearable, profitable, manageable, reachable, economical, lower-cost, cost-effective, expensive, desirable, cost-effectively, cost-competitive, costly, comfortable, advantageous, suitable.

Is Unaffordability a word?

Noun. The state or condition of being unaffordable.

How do you use affordability in a sentence?

Affordability sentence examplesThey are popular because of their affordability and ease of installation. … This type of perfume store provides more reasonably priced scents, focusing on affordability. … Because of their affordability and convenience, stickers are very popular scrapbooking embellishments.More items…

How is affordability calculated?

There is unfortunately no internationally agreed method of measuring affordability when applied to bus services. However the normal approach is to divide the price of a number of standard journeys by some measure of income. While conceptually this is a simple measure, it is not easy to measure either parameter.

What means costly?

costing much; expensive; high in price: a costly emerald bracelet; costly medical care. resulting in great expense: The upkeep of such a large house is costly. resulting in great detriment: It was a costly mistake because no one ever trusted him again. of great value; very valuable; sumptuous. lavish; extravagant.

How do you spell unaffordable?

Correct spelling for the English word “unaffordable” is [ʌnɐfˈɔːdəbə͡l], [ʌnɐfˈɔːdəbə‍l], [ʌ_n_ɐ_f_ˈɔː_d_ə_b_əl] (IPA phonetic alphabet).

What does agreeably mean?

adjective. to one’s liking; pleasing: agreeable manners; an agreeable sensation. willing or ready to agree or consent: Are you agreeable to my plans for Saturday? suitable; conformable (usually followed by to): practice agreeable to theory.

What is meant by affordability in business?

A working definition We define affordability as the ability to pay, which is, in itself, made up of two components: (1) buying power, and (2) economic cost – with six further dimensions beneath them. … We are already seeing ways our investee companies are addressing the six factors here from financing to cost of access.

How is housing affordability measured?

Most housing market forecasters do not use detailed models of the housing market, but rely on rules of thumb and the house price to earnings ratio – as a measure of affordability – is the most common. The idea is that if house prices relative to earnings are above the long-run trend, then they must fall.

What is a sentence for variable?

Variable sentence examples. It is a matter of common observation that the blue of the sky is highly variable. Similarly the substance we call wine is undeniably variable in composition.

Can I borrow 5 times my salary on a mortgage?

What size mortgage will the mortgage lenders let you have based on your income? It is possible that you will be able to borrow 4.5 times your salary and possibly even 5 times your salary. This would be based on you having no debt and an average UK salary or higher.

How do you use affordable in a sentence?

Sentence Examples Distributed computing makes enormous computational problems affordable to solve. I want to buy a new car, but the payments aren’t affordable given my current salary. A lack of safe and affordable childcare options is one of the biggest problems affecting today’s working families.

What is affordability in healthcare?

Individual coverage: For an individual, coverage is considered “affordable” if the cost of the individual’s coverage does not exceed 8 percent* of the individual’s household income. Individuals are exempt from the individual penalty if coverage is unaffordable.

What is the meaning of quality?

1. Quality, attribute, property agree in meaning a particular characteristic (of a person or thing). A quality is a characteristic, innate or acquired, that, in some particular, determines the nature and behavior of a person or thing: naturalness as a quality; the quality of meat.

What is the 28 36 rule?

The rule is simple. When considering a mortgage, make sure your: maximum household expenses won’t exceed 28 percent of your gross monthly income; total household debt doesn’t exceed more than 36 percent of your gross monthly income (known as your debt-to-income ratio).