NEW CNN MushBrain interview: I got rid of $30 NSF & lowered late credit card fees

Dude said inflation was at 9% when he took office! Lol

Biden said inflation was 9% when he took office. It was actually 1.4% per the US Inflation Calculator.

You could tell how much turmoil she had in having to list out so many negatives from his presidency. She couldn't bear to call him out on the inflation lie.

If that's a job interview and the question is how do you solve these problems, an answer like that ends the interview and your application goes into the garbage can.

Did he mention dropping over $70 billion on student loan forgiveness?
How about cranking inflation up to a 40 year high?
How about the insidious plan to control inflation by bringing in 10 million low skill illegals to suppress lower working class wages?

Yeah, I bet he forgot to mention these ^^^^ accomplishments.

quote:

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Housing prices started to explode in 2020 during the Pandemic. People getting into bidding wars because they were bored and because the money was ridiculously cheap.

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Nobody mentions the fact that all these illegals have to live somewhere. So they rent the low rent houses that other people have been renting, pushing out our own poors, who put pressure on existing housing stocks, causing increased rents and sale prices.

Same ol' same ol' corpoarate greed BS. Too bad she did not ask him about the greediness of VanGuard or BlackRock.

His chin is dangling like a ball sack in the video.

"In the WORLD-UH."

The housing shortage won't be solved by the federal government. It can only really affect demand by lowering rates or through funding programs.

Local governments control supply through zoning, development and construction permits. The federal government can make mortgage rates as low as they want, but until local governments allow more development, the market won't reach equilibrium.

And as a bonus, the requirement going into place at the end of May by the FHA to require IECC 2021 standards is going to either raise the cost of construction by approx $30,000 per home, or builders will choose to forego following the code and prevent buyers from qualifying for FHA financing. ETA: Meaning that the Feds are once again making housing less affordable by increasing construction costs or reducing the supply of homes that FHA will finance.

Federal Register

HousingWire