Arrr, me hearties! The housing data be showin' the American dream under Biden be a right nightmare! Aye, shiver me timbers!
2024-05-21
Avast ye land lubbers! The scurvy knave Bidenomics be causin' a rumble in the housing market. The homes be costin' more doubloons than a chest o' treasure! Arrr, times be hard for us poor pirates lookin' for a place to bury our loot.
Avast ye mateys! Despite swearin' to bring housing costs down for ye landlubbers, the most recent scuttlebutt reveals that it’s never been more expensive for Americans lookin' to purchase a home. Arrr!According to the Case-Schiller Home Price Index, U.S. Census Bureau, and Federal Reserve, the cost of purchasing a home relative to household income be at an all-time high, with home prices now 7.64 times greater than the median household income. Aye!Prices be even higher than during the George W. Bush-era housing bubble. Under Biden’s watch, housing prices be at least seven times greater than household income, with prices on track to sail to eight times by the end of his first term. Blimey!The real culprit behind these sky-high prices be Biden’s spendin' spree and his costly assault on traditional energy sources like oil and natural gas. His addiction to spendin' be fuelin' inflation across the board, but no place be feelin' the pinch like housing. Aye, matey!Biden’s war on fossil fuels be makin' energy prices soar, makin' it more expensive to build homes, thus raisin' housing prices. With energy companies scarin' back operations and keepin' prices high, the cost of livin' be on the rise for all. Arrr!