Zillow report illuminates how bad things have gotten under Biden.

Also heard a stat today that inflation has gone up around 25% the last 4 years. It’s definitely more than that.

But Biden's gonna fix those broken ice cream machines at McDonald's.

Easily a fair trade off

In B4 “Trump invented inflation”

But mean tweets, y'all. Can't have that!

It’s really SAD! Families are struggling!

Housing inflation started in 2018 because of multiple reasons, including a backlog of new buyers entering the market at the same time after years of local governments having reduced housing permit approvals after 2008. There already wasn’t enough supply to meet demand, then Covid hit and drove people to the burbs, and then rates increased, pouring gas on the fire that had been burning for a few years.

Lots of stuff led up to housing inflation.

The actual Zillow Affordability Report is even more damning

quote:

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In 2020, a household earning $59,000 annually could comfortably afford the monthly mortgage on a typical U.S. home, spending no more than 30% of its income with a 10% down payment. That was below the U.S. median income of about $66,000, meaning more than half of American households had the financial means to afford homeownership.

Now, the roughly $106,500 needed to comfortably afford the mortgage payment on a typical home is well above what a typical U.S. household earns each year, estimated at about $81,000.

LINK

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I buy Zillow leads. Quality of people looking and price has gone downhill too

This didn’t start with Biden.

Who was it that presided over increasing the amount of US currency by an unprecedented 38%? Trump.

Biden is just as culpable for continuing the COVID nonsense.

Neither one should hold office again, not anyone who voted for COVID relief and lockdowns.