摩根大通说，虽然首付比例越高意味着每月按揭还款额越少，但只要分母仍为家庭收入中值，住房负担能力的改善就具有一定的欺骗性。

'While lower LTVs means lower mortgage payments, the improvement in affordability is deceptive, says JPM, as long as' the denominator remains median income of households.

youdao

If they both go up by the same proportion, then numerator and denominator go up by the same amount, so there's no change.

如果大家都上升了相同幅度,分子和分母同比例增大,则没有变化

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