Who Made Life In The U.S. Unaffordable?

[Independent thinker]

First off, it was Biden and the Democrats who had a four year inflation rate total of about 20%. So, when Trump has like 2.8% inflation, it gets added onto the inflation we already had under Democrats. So, prices under Trump are 22.8% higher than prices were four years ago. Then, you have to also consider that the blue states are the ones with higher prices and Trump can't do that much for blue state inflation. Democrats own that.


The Democrats have decided that “affordability” is the issue that will win the next election cycle. Are they daft? The most unaffordable states and cities in the country are Democrat strongholds.

Who Made Life In The U.S. Unaffordable?

The Democrats, of course.

issuesinsights.com

 

[pknopp]

Quantitive Easing.

 

[candycorn]

First off, it was Biden and the Democrats who had a four year inflation rate total of about 20%. So, when Trump has like 2.8% inflation, it gets added onto the inflation we already had under Democrats. So, prices under Trump are 22.8% higher than prices were four years ago. Then, you have to also consider that the blue states are the ones with higher prices and Trump can't do that much for blue state inflation. Democrats own that.


The Democrats have decided that “affordability” is the issue that will win the next election cycle. Are they daft? The most unaffordable states and cities in the country are Democrat strongholds.

Who Made Life In The U.S. Unaffordable?

The Democrats, of course.

issuesinsights.com

Fake news.

 

[Fort Fun Indiana]

We did. We spent 40 years electing people who sold the Trickle Down lie.

We spent 40 years voting over anger at a welfare queen half a country away, instead of voting for our own, economic self interests.

Because a tranny read a book to a child, we voted to continue to destroy unions and transfer the wealth of our labors upward to a select few.

 

[martybegan]

We did. We spent 40 years electing people who sold the Trickle Down lie.

We spent 40 years voting over anger at a welfare queen half a country away, instead of voting for our own, economic self interests.

Because a tranny read a book to a child, we voted to continue to destroy unions and transfer the wealth of our labors upward to a select few.

How is massively increasing government size and spending in our own self interest?

It's only in the interest of the downwardly mobile credentialed children of successful people that make up most of the modern left.

 

[Mac1958]

This has been a true team effort, and the setup for it goes back decades.

Clinton's repeal of Glass Steagall, Greenspan's refusal to regulate the derivatives unleashed by that repeal that damn near killed us, QE/easy money all day in response to all that, private equity buying up FAR too many residential properties, the destruction of the middle class/wealth disparity, a horrific housing supply problem, the unwillingness of our "leaders" (ha ha ha) to work together like adults to create smart reform, on and on and on.

Partisan finger-pointing on this would be ridiculous, which is par for the course in politics.

 

[shockedcanadian]

First off, it was Biden and the Democrats who had a four year inflation rate total of about 20%. So, when Trump has like 2.8% inflation, it gets added onto the inflation we already had under Democrats. So, prices under Trump are 22.8% higher than prices were four years ago. Then, you have to also consider that the blue states are the ones with higher prices and Trump can't do that much for blue state inflation. Democrats own that.


The Democrats have decided that “affordability” is the issue that will win the next election cycle. Are they daft? The most unaffordable states and cities in the country are Democrat strongholds.

Who Made Life In The U.S. Unaffordable?

The Democrats, of course.

issuesinsights.com

The happy spenders during covid and the I.R.A started it.

Trumps BBB continued it.

However, when you have 20M illegals in your country, rent is going to be impacted and increase. 20M fewer people, the supply/demand balance is in renters favour and that is a HUGE reason for decreased savings and cost certainty.

Worse, I imagine companies are exploiting citizens but I don't know this for sure.

 

[Invisibleflash]

First off, it was Biden and the Democrats who had a four year inflation rate total of about 20%. So, when Trump has like 2.8% inflation, it gets added onto the inflation we already had under Democrats. So, prices under Trump are 22.8% higher than prices were four years ago. Then, you have to also consider that the blue states are the ones with higher prices and Trump can't do that much for blue state inflation. Democrats own that.


The Democrats have decided that “affordability” is the issue that will win the next election cycle. Are they daft? The most unaffordable states and cities in the country are Democrat strongholds.

Who Made Life In The U.S. Unaffordable?

The Democrats, of course.

issuesinsights.com

Combo of greed + Ponzi scheme + commie dem pigs.

...but we can see the MAGAts are about just as bad.

A lot of the people being interviewed on YT throw out $1,000 a month UBI. $1,000 a month does not buy much nowadays. It buys food, but it would hardly pay for a pod bed in L.A. for a month. In the Rustbelt you maybe could get by with $1,000 a month for public housing, a little food and if you were lucky a junker car. Basic car insurance in the Rustbelt with no comp or collision is about $350 - $400 a year for an old guy like me. The problem is there is not enough public housing for all the newly minted broke people. Nore are there enough pods for them to live in. In the old days we had cold water flats. In L.A., NYC you could get a cold water for $45 - $65 a month. It was a room with the toilet down the hall. But those days are long gone.

Our world is based on an upside-down pyramid. Start ripping out the point of the inverted pyramid and things will topple.

For instance...

How will 15-minute cities affect all the motels, hotels, restaurants and gas stations all along the freeway routes that few people will travel to any longer? And how will people consume with their $1,000 a month UBI when they have no money left over? And even if they did, where would they put the stuff in their pod? We built a Ponzi scheme. We have the tiger by the tail and can't let go. Our world is based on continuous and ever-increasing consumption, or we will implode.

 

[BackAgain]

“Affordability” is the new leftard word — for now.

We should have a thread dedicated to their next faux issue.

Predictions?

 

[kyzr]

“Affordability” is the new leftard word — for now.
We should have a thread dedicated to their next faux issue.
Predictions?

Trump knows that he needs to figure out how to lower prices or the mid-terms will be bad.
More deportations should help, so should lower energy costs.
But beef prices haven't peaked yet, there are some grocery items that are cyclical, and last year's drought hit beef producers hard.

 

[White 6]

First off, it was Biden and the Democrats who had a four year inflation rate total of about 20%. So, when Trump has like 2.8% inflation, it gets added onto the inflation we already had under Democrats. So, prices under Trump are 22.8% higher than prices were four years ago. Then, you have to also consider that the blue states are the ones with higher prices and Trump can't do that much for blue state inflation. Democrats own that.


The Democrats have decided that “affordability” is the issue that will win the next election cycle. Are they daft? The most unaffordable states and cities in the country are Democrat strongholds.

Who Made Life In The U.S. Unaffordable?

The Democrats, of course.

issuesinsights.com

That inflation that topped before dropping after the first 2 Biden years, was the result of the combined Federal Government money dumps totalling over $4 Trillion dollars, Biden's $1.8 Trillion, directed toward infrastructure (which benefits long term production) on top of Donald Trump's $2.2 Trillion, liberally poured across the bottom and middle layers and of course with perks for the top, since it was a Republican Administration. If you dump dollars, like that, creating demand, prices will rise, which we call Inflation, and it does not stop rising, until that money is absorbed on it way back to the top. Equally, true was the rise in wages during the time period. Prices, of course, do not stabilize until consumers cut back or paying the higher prices. The historic observable ratchet effects of pricing. It goes up, but never ratchets back to the baseline, and a new baseline is established. Simple economics, even taught to business students at Wharton, from a 101 course, on up. Yes, Joe had a hand in it, but the larger dumb, not toward increasing efficiencies of the Trump money dump, were the root.

 

[Hafar1014]

This has been a true team effort, and the setup for it goes back decades.

Clinton's repeal of Glass Steagall, Greenspan's refusal to regulate the derivatives unleashed by that repeal that damn near killed us, QE/easy money all day in response to all that, private equity buying up FAR too many residential properties, the destruction of the middle class/wealth disparity, a horrific housing supply problem, the unwillingness of our "leaders" (ha ha ha) to work together like adults to create smart reform, on and on and on.

Partisan finger-pointing on this would be ridiculous, which is par for the course in politics.

Biden was gas on the fire

 

[Captain Creeper]

The economy has ebbs and flows. It is difficult for some right now, especially older folks on fixed incomes (and lazy young slackers with zero motivation to work to support themselves). But to just generally say that life in the U.S. is "unaffordable", or that we are facing an "unaffordability crisis", is not correct. Neither are true.

The problem is complex, but as I pointed out before, we had very high inflation during the Biden debacle that created a real affordability crises. It was directly the result of the devaluation of the dollar, and not supply shortages. People went into debt paying their bills (with loans and credit cards). When you do not have the money to pay your bills and you have to go into debt to pay them, you usually have to go with subprime lenders, meaning high interest rates. The debt ballooned. This is well supported by factual date you can easily find via Google (high credit card debt; default rates; car repos at very high rate; mortgage defaults on the rise).

This debt bubble does not just go away. It lasts well beyond the point in time giving rise to it. Since Biden slithered out of the WH for good, inflation has plummeted. However, there is still a lack of money in household budgets because of debt payments. Of course, this is not everybody's problems. I pay my debts just fine, and many people do. People on Social Security? Not so much if their income is not augmented by other sources.

Finally, it should not be forgotten that Americans are largely (1) financially illiterate; and (2) demand instant gratification. So when making important financial decisions, if they do not get help from someone who knows something, they are liable to **** up.

 

[Fort Fun Indiana]

The happy spenders during covid and the I.R.A started it.

Trumps BBB continued it.

However, when you have 20M illegals in your country, rent is going to be impacted and increase. 20M fewer people, the supply/demand balance is in renters favour and that is a HUGE reason for decreased savings and cost certainty.

Worse, I imagine companies are exploiting citizens but I don't know this for sure.

What absurd propaganda

 

[shockedcanadian]

What absurd propaganda

Really?

Let's try a simple math question, a problem solving question, which are my favourite and I don't even need an estimated value:

"If you country has 100M rental apartments are available for 75M prospective citizens at an average rent price of $1100, if you add an additional 20M prospective citizens while minimal increases to supply of apartments occur, do you expect the rent prices to increase, remain flat or decrease?"

 

[JWBooth]

Who? It’ a long list.
Every potus and fed chair since 1913. The effects of their actions is cumulative.

 

[Billiejeens]

First off, it was Biden and the Democrats who had a four year inflation rate total of about 20%. So, when Trump has like 2.8% inflation, it gets added onto the inflation we already had under Democrats. So, prices under Trump are 22.8% higher than prices were four years ago. Then, you have to also consider that the blue states are the ones with higher prices and Trump can't do that much for blue state inflation. Democrats own that.


The Democrats have decided that “affordability” is the issue that will win the next election cycle. Are they daft? The most unaffordable states and cities in the country are Democrat strongholds.

Who Made Life In The U.S. Unaffordable?

The Democrats, of course.

issuesinsights.com

The Democrats have the most tightly controlled echo chamber ever devised.
Their Cult in impenetrable.
They only ever talk to each other.

 

[WEATHER53]

Prosperity
Desire it, pursue it, achieve it and you won’t be a sidelines sitter crying about your misfortunes and blaming others for it.

 

[WEATHER53]

Really?

Let's try a simple math question, a problem solving question, which are my favourite and I don't even need an estimated value:

"If you country has 100M rental apartments are available for 75M prospective citizens at an average rent price of $1100, if you add an additional 20M prospective citizens while minimal increases to supply of apartments occur, do you expect the rent prices to increase, remain flat or decrease?"

A thought question which they don’t have any ability to respond to

 

[CrusaderFrank]

First off, it was Biden and the Democrats who had a four year inflation rate total of about 20%. So, when Trump has like 2.8% inflation, it gets added onto the inflation we already had under Democrats. So, prices under Trump are 22.8% higher than prices were four years ago. Then, you have to also consider that the blue states are the ones with higher prices and Trump can't do that much for blue state inflation. Democrats own that.


The Democrats have decided that “affordability” is the issue that will win the next election cycle. Are they daft? The most unaffordable states and cities in the country are Democrat strongholds.

Who Made Life In The U.S. Unaffordable?

The Democrats, of course.

issuesinsights.com

The Fed.

You'll never convince dems that Bidenflation was caused by AutoPens Administration borrowing and spending policies