Since housing is more expensive than average income, what is a requirement for mass homeownership?

Question

Quizplus · Accepted Answer

Credit is the most important requirement for mass homeownership since housing prices are usually much higher than people's average income, so people need to have access to credit in order to afford buying a home. Education and employment can help increase people's income, but having access to credit is still necessary. A lottery is not a requirement for mass homeownership, as it is based on chance rather than financial ability.

Since Housing Is More Expensive Than Average Income, What Is