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America's housing affordability crisis makes a comeback
(www.axios.com)
We did it, Joe! We fixed inflation!
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this post was submitted on 22 Feb 2024
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One more thing libs will claim to fix if only you just come out and
again. Please ignore that Biden did nothing about it the last 4 years we promise he probably will do something about it the next 4.
Yes, it's very cool that the Democrats dropped the interest rates to nothing for a year allowing AirBnB deplete the available housing stock and drive prices up to the highest point in history. It was also cool that they then jacked up rates to the highest point in my lifetime to ensure that first time homebuyers will never be able to afford anything, and existing homeowners can never afford to sell and lose their once in a lifetime mortgage rates. It's almost like the Democrats specifically engineered a situation where Millennials and Gen Z will never be able to afford homes unless there's another historic economic crash or mass population die off. Who needs public housing when the market allocates resources so well?
With the influence of the Federal Reserve, mortgage rates were at it's lowest in the last 50 years in 2021.
Mortgage rates drops when there is a Democratic president and rises again when there is a Republican president.
Thank you for giving me this opportunity to post these facts.
brb going to a mortgage broker to ask for a '21 special
Why did you wait? You only have the cash now?
If that's the case, you probably should build up more of an emergency before you buy anyway.
I figured that because we had a democratic president, mortgage rates would just keep dropping.
That only happens if you have 4 Democratic presidents consecutively. Get out and vote!
Is this a bit?
It must be...
How many Democratic presidents do you have to elect to get them to stop being genocidal freaks?
Oh boy, I just love being forced to work for 30+ years just to have a roof over my head πΊπ²πΊπ²πΊπ²πΊπ²πΊπ²
Who has slaughtered more children so far, Biden or Trump?
lmao you dork, this would imply Trump is responsible for the 50 year lows and Biden responsible for the major spike
Did the specific dates just slip your mind?