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re: Zillow report illuminates how bad things have gotten under Biden.

Posted on 3/17/24 at 10:26 am to
Posted by billjamin
Houston
Member since Jun 2019
12526 posts
Posted on 3/17/24 at 10:26 am to
quote:

No question that the Covid spending under Trump lit the fire. But Biden and the Dems poured gasoline on it from the moment they hit the door.

“Lit the fire” is quite the understatement.
Posted by Warboo
Enterprise Alabama
Member since Sep 2018
2299 posts
Posted on 3/17/24 at 10:29 am to
I’m sorry SFP but you have no idea what you are talking about. I own a business that relies heavily on energy. Our fuel cost for our semi trucks have almost doubled (increase of 7k a month). I do not try to make money on the freight of our products I just want to break even. Our profits are based on the margins put on our products. I had to increase freight rates to cover this additional cost. On average it is about 8% increase. My electric bill and natural gas bill for the plant has increased about 38% since 2021. That equates to approximately 8k more per month. Had to cover this increase in the margins on our products which increased over all price by almost 10%. Freight for ingredients to make our products have increased about the same. Input prices have added an additional 8% that we had to pass down to our customers. Energy alone has caused our products prices to increase by over 20%. Our margins remain the same but our customers are paying a lot more for the products. That 1% increase of total inflation from energy is a pipe dream chief.
Posted by Big Scrub TX
Member since Dec 2013
33446 posts
Posted on 3/17/24 at 12:00 pm to
quote:

Under Trump, a household income of $59,000 a year could “comfortably afford the monthly mortgage on a typical U.S. home
I'd like to see support for this stat, regardless of who was president. It's been many years since this statement was true.

The report lists NOLA as one of the more affordable, claiming $74K can "comfortably afford" the median home. Would anyone on here confirm that as true?
This post was edited on 3/17/24 at 12:07 pm
Posted by Oabafu
Wisconsin
Member since Jan 2022
668 posts
Posted on 3/17/24 at 1:48 pm to
quote:

FJB





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