The Average New-Car Payment Is Shrinking Homebuyers’ Budgets by $135,000
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The average new-car payment is reportedly affecting homebuyers' budgets, potentially reducing them by $135,000. Rising car prices and other factors may be contributing to a housing cash crunch, presenting an additional hurdle for those looking to buy homes. The situation is complex, with various economic factors and potential reforms, such as changes to auto insurance premiums and interest rates, possibly impacting the affordability of homes and cars.
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