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The Math For Buying a Home No Longer Works. These Charts Show You Why.
What does it take to buy a home in the U.S.? A lot more than it did before the Federal Reserve raised interest rates.
I'll tell you why, Biden and his Fed raising rates. Who honestly can afford a home today with rates at or over 7%? The charts and math doesn't lie. Biden and the Fed have ruined this economy and are killing the middle class.
Easy, home prices were only 50k-70kHow did people afford to buy houses with interest rates in the high teens during the 80s?
Easy, home prices were only 50k-70k
What's 10-18% of that?
Now whats 7% of 450k math wiz?
Stop deflecting answer the question. Here's a tool to help youAnd how is that the fault of someone who has only been in office for 3 years? Did the prices just start going up 3 years ago?
www.omnicalculator.com
Odd how you love the Fed and Biden raising ratesOdd how home owners were not whining when their homes went up in value by 120% in 15 years.
Odd how you love the Fed and Biden raising rates
You're still not answering the question and are just trolling
Like this dummyAnd how is that the fault of someone who has only been in office for 3 years? Did the prices just start going up 3 years ago?
Yes.And how is that the fault of someone who has only been in office for 3 years? Did the prices just start going up 3 years ago?
Seems adults who own homes should know how this works you don't yet you kiss fed and Biden ass dailyThe president does not raise or lower rates, seems an adult should know this.
The answer to the question it that this is a deeper problem than just a temporarily raising of rates. But that is too much thought for a mindless partisan drone like you, all you can do is parrot party talking points.
Easy, home prices were only 50k-70k
What's 10-18% of that?
Now whats 7% of 450k math wiz?
Your question has been answeredThe president does not raise or lower rates, seems an adult should know this.
The answer to the question it that this is a deeper problem than just a temporarily raising of rates. But that is too much thought for a mindless partisan drone like you, all you can do is parrot party talking points.
What's 3% of 400k?Yes, interest rates are up, nobody is questioning that.
Do you think when they drop that people will magically be able to afford a $400,000 house?
The rock bottom interest rates flooded the country with cheap money which raised the costs of assets like homes.Easy, home prices were only 50k-70k
What's 10-18% of that?
Now whats 7% of 450k math wiz?
