Becoming a first time home buyer in the Charleston area is not easy.
And, thanks to rising home prices that raised the average cost in the three counties area to more than $ 300,000, buying a home in the Charleston area was not easier during the COVID-19 pandemic.
In addition to the price tag, there are other barriers that prevent some potential buyers from making that purchase.
This week, on the podcast, we looked at some of those barriers.
First, reporter Rickey Dennis looks at some of the factors that continue to perpetuate a disparity in home ownership among white and black southern Carolinians and why closing that gap is the key to dealing with general wealth disparities.
Reporter Andrew Brown comes together to talk about student loan debt and how the increase in total debt is causing more people to postpone the purchase of a home. High rents in the Charleston region have also exacerbated the problem, making it more difficult to save for an initial payment.
Listen now for more.
Understand that SC is a usekly podcast from The Post and Courier that uses the reporting resources and knowledge of our newsroom to help you better understand South Carolina. This episode was presented by Emily Williams and Gavin McIntyre and edited by Emily Williams.
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Catch up Emily Williams at 843-607-0894. Follow her on twitter @emilye_williams.