We had to scroll down quite a ways in CNBC’s story to find out why, exactly, members of the LGBTQ community are saying high mortgage rates are hitting them especially hard. They tell the story of one gay man looking to buy his first home, but there doesn’t seem to be anything out of the ordinary.

Apparently, this is the problem:

This rapid rise in the cost of a home is particularly impactful for the LGBTQ community, which is less likely to own a home. First-time homebuyers have to pay the higher prices without getting a boost from the value selling an existing property that they own.

According to the Williams Institute at the UCLA School of Law, 50% of LGBTQ adults and 64% of LGBTQ couples own their own homes. For non-LGBTQ groups, those numbers are 70% and 75%.

That sounds like it would be a barrier to all first-time homebuyers regardless of sexuality. CNBC notes that “historical data on home ownership rates by sexuality were not tracked by the Census Bureau.”

What inspired this article? Pride Month? What’s the point and what is anyone supposed to do about it?


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