affordability
nounEtymology From afford + -ability.
1
The extent or degree to which something is affordable, as measured by its cost relative to the amount that the purchaser is able to pay.
- First-time home buyers are feeling the squeeze of higher interest rates with mortgage affordability at its worst level for 16 years.
- Fares would have to increase significantly beyond affordability to cover the costs of lightly used services.2023 March 8, Gareth Dennis, “The Reshaping of things to come...”, in RAIL, number 978, page 47:
1 more example
- Trump has said that undocumented immigrants share the blame for America’s once-in-a-generation home affordability crisis, but the president-elect’s deportation plans may backfire, driving up the cost of homebuying even further.2024 November 19, Samantha Delouya and Julia Vargas Jones, “Here’s how mass deportations could change the housing market”, in CNN:
2
A desirable degree of that characteristic: synonym of inexpensiveness.
- Derived terms
- unaffordability
- Related terms
- accessibility, attainability, cheapening