Grant Cardone Exposes Housing Cost Surge Under Biden — 'Mortgages Have Doubled To The Highest Level In History & Double The Cost To Rent'
Real estate investor Grant Cardone highlighted a striking rise in mortgage rates under President Joe Biden's administration in a May 3 post on X. "Under Joe Biden's administration, mortgages have doubled to the highest level in history & double the cost to rent," Cardone posted. "April 2020...finance.yahoo.com
Imagine what it’s like to be a working class person in this country and to hear a democrat brag about the equity of their house going up in value. Which by the way means nothing when that person wants to sell their home and buy a new home at a jacked up price With a higher interest rate. It reminds us of the neo conservatives bragging about how American soldiers don’t have to die in the Russian war in Ukraine, as if the Ukrainian lives mean nothing. It really has to be a form of evil. What else is there to say what other words are there to use?
The cost of living is the most important thing in a country. That’s what separates for example countries with extreme levels of poverty to what people generally believe is the case in the western countries. It’s what separates the so-called third world from the first world. And there are by the way countries in the east they have extraordinary wealth and prosperity like Singapore, Saudi Arabia, the United Arab Emirates etc
"Under Joe Biden's administration, mortgages have doubled to the highest level in history & double the cost to rent," Cardone posted. "April 2020: $1,480. April 2024: $2,890 (record high). Will you buy a house this year?"
Biden supporters, the multi millionaire celebrities, and the Hollywood left will continue to support Joe Biden, and they will continue to make whatever excuse they want for the high price of inflation. But the fact is the bottom line is the work class Americans don’t want to hear what they have to say. they want a better economy. They want to be able to afford the American dream. For many Americans across the country they are in a state of being furious wondering if they will ever have a chance at the American dream. God willing whether it’s a Democrat or a Republican, who is elected in 2024 or 2028 that we do have a better future. Because currently the economy is horrible for working class people.
During the Carter administration mortgage rates went to 17%.
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