The average monthly mortgage payment has DOUBLED under Joe Biden

[rightwinger]

Glad you've voluntarily added yourself to the DemoKKKrat retard club that doesn't know the difference between a new mortgage and an existing one. Say hi to rightwinger, Golfing Gator, and bdtex.

lol

So you hate our Capitalist economy Comrade Marvin?

 

[Moonglow]

Glad you've voluntarily added yourself to the DemoKKKrat retard club that doesn't know the difference between a new mortgage and an existing one. Say hi to rightwinger, Golfing Gator, and bdtex.

lol

I would like a new one but will wait it out until things are better.

 

[Moonglow]

So you hate our Capitalist economy Comrade Marvin?

He don't even know how to talk.

 

[marvin martian]

So you hate our Capitalist economy Comrade Marvin?

You're the one who voted for tripling interest rates, dipshit.

 

[marvin martian]

I would like a new one but will wait it out until things are better.

So things aren't good now for a new mortgage? You're almost there, stoner, keep thinkin'!

 

[Moonglow]

.

Oh, how surprisingly non-leftist a thing for you to say.

Get a better job?

We thought all your cult ever expected was for everything to simply be given to them.




.

Now you know how wrong you have always been

 

[Moonglow]

So things aren't good now for a new mortgage? You're almost there, stoner, keep thinkin'!

No, the interest rates keep falling it is not time now.

 

[rightwinger]

You're the one who voted for tripling interest rates, dipshit.

Nice try Comrade

Why do you hate our Capitalist Society?
Why do you want a Nanny State to set interest rates rather than the free market?

 

[rightwinger]

So things aren't good now for a new mortgage? You're almost there, stoner, keep thinkin'!

I paid 12 1/2 percent for a mortgage when Reagan was President.
Why weren’t you complaining about Capitalism then?

 

[TroglocratsRdumb]

The Radical Left wants their great reset.
Their economic motto is "you will own nothing and be happy".
Now people can't afford to buy new cars or homes, but they aren't happy.

 

[LibertyKid]

My houses went up $300,000 since Biden took over

Thanks President Biden

So did every other house. Net gain = zero in terms of equity.

 

[marvin martian]

I paid 12 1/2 percent for a mortgage when Reagan was President.
Why weren’t you complaining about Capitalism then?

Because I was in elementary school, dipshit.

Also, you look like an absolute moron for suggesting that the government setting the prime interest rate is "free market capitalism". Fucking dummy.

 

[Ringo]

A mortgage is when you buy one apartment for yourself and the another for the bank.

 

[Procrustes Stretched]

The average monthly mortgage payment has DOUBLED under Joe Biden​

5. Home prices​

Homeownership is one of the biggest ways Americans create wealth, and the recent run-up in prices has been a double-edged sword: Many first-time home buyers been shut out of the market, but people who already own homes have benefited from soaring property values.

On the whole, though, homeownership has become far less accessible during the Biden administration. Home prices have surged during the pandemic, rising an eye-popping 49 percent between spring 2020 and fall 2022. Those higher costs have driven housing affordability to all-time lows, according to Goldman Sachs. Homes are currently selling for a median price of $431,000 — less than the $480,000 they were commanding last year, but still well over pre-pandemic norms.

Mortgage rates have more than doubled in the past two years — from about 3.1 percent to about 7 percent — making it that much pricier to purchase a home and putting a chill on the market. Prices, though, remain high because demand for homes continues to outpace supply.

Biden’s economy vs. Trump’s, in 12 charts

The presidential election is less than a year away, and economic issues are once again top of mind for voters around the country. Here’s how the economy fared under President Biden and President Trump.

web.archive.org

 

[Procrustes Stretched]

7. Interest rates​

The president has very little power over interest rates. While the Federal Reserve’s chair and governors are appointed by the president and confirmed by Congress, the central bank operates independently.

But the Fed’s actions have a far-reaching impact on the economy. During Biden’s presidency, the central bank has raised interest rates 11 times as part of its effort to rein in inflation. The bank controls the federal funds target range — the interest rate banks use to lend money to each other overnight — which, at 5.25 to 5.5 percent, is at its highest level in 22 years.

Each time the Fed raises that rate, or even hints that it might, there are ripple effects across the economy, resulting in higher borrowing costs for loans of all types, including mortgages (currently at about 7 percent), personal loans (12 percent, according to Bankrate) and credit cards (above 20 percent).

https://www.washingtonpost.com/business/2023/12/23/trump-biden-us-economy-compared/

 

[Procrustes Stretched]

6. Inflation​

Inflation has been a persistent challenge for the Biden administration. A rapid run-up in prices after the pandemic resulted in the highest inflation in more than 40 years. Americans have been pinched by higher costs for just about everything, including groceries, gas, cars and health care.

Although inflation has recently come down from last summer’s peaks, prices are still about 3 percent higher than they were a year ago. Many Americans say higher costs have tainted their views of the economy, with voters consistently citing inflation as their top economic concern.

 

[Procrustes Stretched]

Can’t afford it?

Get a better job and stop expecting the Nanny State to save you

 

[Natural Citizen]

All of my stuff's been paid off for years, thankfully, but the new generation will have a very rough road ahead.

We grew up in much better times.

 

[Moonglow]

All of my stuff's been paid off for years, thankfully, but the new generation will have a very rough road ahead.

We grew up in much better times.

Remind me of when that happened.