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If house values increase, it will be Bidens fault. Conversely, if house values decrease, it will be Bidens fault. That’s the way it works.
Housing affordability 101:
housing costs + wages = housing affordability index
It's not just the hyer-inflation that Joe Biden's policies have inflicted upon the real estate markets, its also the inability to create high paying jobs that will keep pace. Its a double fail.
Yeah -- got a few folks trying to get in the housing market --- this week -- still no luck.Too many offers coming in.....not enough inventory...Dang that Biden.
Maybe next week this will be right.
Oh and my husband works in master plan residential community development......they can't build them fast enough
But okay.
They can't build them fast enough because the Uber-Left destroyed the supply chain by shutting the country down, & paying workers to sit home & still be paid by the government.
No workers, no work, no work, no building material supplies...not a hard concept to grasp.
Those who are buying, bidding, & waiting for homes now are not 1st time homebuyers. They are older more affluent people fleeing the cities and states controlled by the Uber-left. There's a mass population shift underway.
Once tariffs were used as a tool, the Fed should have acted. The warning's from even the guy on CNBC (Santoli?) were out.
Some POTUS used political pressure to keep rates low. Leading to a need to raise faster.
If young folks can get a down payment, they should buy now. We are seeing historically low interest rates. These are the same as my parents had when they bought the home, I grew up in.
My first mortgage had a 14% interest rate. You do not want to pay that believe me.
If this means house price growth slows down or even house prices declining, then I am all for it.
Housing is unaffordable for too many Americans now and needs to come back down to more sane levels.
Or, wages need to rise, or both. Those are the facts the uber-left are deflecting from.
Snarky comments and bad jokes by the uber-left proves that they are ashamed of the President they voted for, & cannot be serious in defending his policies. They are trying to duck blame, but we won't let them.
Where is the uber-left's compassion in making jokes about young families not being able to afford housing?
The comments here prove that they only care about themselves.
The numbers you are posting have fallen from "utterly stupendous" to merely "spectacular." And then you're trying to tell us Biden is killing the housing market? LMAO!!
After reporting a sharp pullback in new residential construction in the U.S. in the previous month, the Commerce Department released a report on Thursday showing housing starts rebounded by much more than expected in the month of February.
The report showed housing starts spiked by 6.8 percent to an annual rate of 1.769 million in February after plunging by 5.5 percent to a revised rate of 1.657 million in January.
Economists had expected housing starts to jump by 3.2 percent to a rate of 1.690 million from the 1.638 million originally reported for the previous month.
Once tariffs were used as a tool, the Fed should have acted. The warning's from even the guy on CNBC (Santoli?) were out.
Some POTUS used political pressure to keep rates low. Leading to a need to raise faster.
If young folks can get a down payment, they should buy now. We are seeing historically low interest rates. These are the same as my parents had when they bought the home, I grew up in.
My first mortgage had a 14% interest rate. You do not want to pay that believe me.
Raising rates is a tight rope act in a healthy economy, raise too much and kill off the economy.
Or, wages need to rise, or both. Those are the facts the uber-left are deflecting from.
Snarky comments and bad jokes by the uber-left proves that they are ashamed of the President they voted for, & cannot be serious in defending his policies. They are trying to duck blame, but we won't let them.
Where is the uber-left's compassion in making jokes about young families not being able to afford housing?
The comments here prove that they only care about themselves.
This. This is why I get crickets every time I suggest the uber left on here start cutting checks out of their own pockets to help the "poors" that they care about so much.
"The problem with socialism is that you eventually run out of other people's money" -> Thatcher had it right.
Inflation is due to Biden. His war on energy has driven inflation. The Alt-Left party (they are not Democrats anymore) just voted down a bill to re-start America's energy producing industry. Restricting energy supply in this manner means: Inadequate supply + normal or high demand = inflation.
If the Keystone pipeline had not been halted, it would be complete by now, & some of that oil would be refined & sold here in the USA, & Canada pledged other sources as well as compensation for allowing it to cross our country.
Joe did build that...or at least his puppet masters did. Your vote has harmed millions of Americans who can't afford housing...be an adult, & own it.
It’s just simply amazing to me that they can’t see the difference between the policies of the Trump years, and how good we had it, and the disaster that the policies of the Biden presidency, in such a short period of time, have brought us.
You gotta love this board. One thread complaining how Bidenflation is making houses unaffordable, one thread complaining how he's destroying the housing market.
The common theme is bad Biden. The rest is noise.
People did the same during the Trump years and the Obama years before that which coincided with the ascent of social media.
housing costs + wages = housing affordability index
It's not just the hyer-inflation that Joe Biden's policies have inflicted upon the real estate markets, its also the inability to create high paying jobs that will keep pace. Its a double fail.
Class dismissed
The single largest job creator during the Trump years was Amazon.
Housing is a commodity that sells for as much as the market will bear. What matters to most buyers is the monthly nut. Mortgage interest rates play a critical role in affordability.
Last year, 31% of home buyers were first time buyers. The rest were likely to have equity from the sale of a prior residence to invest in a new residence, regardless of income.
About 48% of residences are owned free and clear of any mortgage. And sooner or later most of these owners will move, trading up or down sizing or changing locations.
Most economists seem to define hyperinflation as more than 50% in a month.
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