Posted on 06/24/2024 7:40:45 AM PDT by Kaiser8408a
In politics, it is usually discussed whether you are better off today than 4 years ago. Well, not if you are a renter or need to buy a home with mortgage financing.
If you are a homeowner, you are better off in terms of home equty. With the Case-Shiller National home price index up 34% since Biden’s selection as President. That is the good news.
The bad news? Property taxes are soaring and home insurance rates are up.
The worst news? The 30 year conforming mortgage rate is up 147% under Biden.
If you are a renter, you are worse off because of rising rents and the diffculty of transitioning to homeowership. Despite slowing, rental CPI is still growing at 5.3% YoY.
(Excerpt) Read more at confoundedinterest.net ...
“Hey, my house is worth 34% more, thanks to Bidenomics! /libthink
Nothing good comes out of the Biden Administration. Why vote for Biden if you have nothing to gain and everything to lose?
Equities +80%
Average US salary +$16,700
US Dollar +17%
For many years, it was an article of faith around here that interest rates in general and mortgage rates in particular were being held artificially low for (democrat) political purposes. Now, apparently, we're supposed to be running around with our hair on fire because interest rates in general and mortgage rates in particular are being raised artificially high for (democrat) political purposes ...
We’re paying $100 a month more now on our mortgage because of taxes.
Gee.. thanks DC… glad we can help finance all of your PERSONAL endeavors..
And on top of that we have Kathy Hochul surcharge in NY.
First hand knowledge! I can confirm that one category has seen 0% inflation. Bar bands. In fact, in high school in the mid 60’s we got the same as now. In our area $100-$150 per person four hour gig. Obviously because we like doing it. 😊👍
“Home Sales Sag Further, Hit by Mortgage Rates. Price Cuts & Active Listings Surge. Median Price Skewed by Surge in High-End Sales”
by Wolf Richter
21JUN2024
They are trying to make sure that you lose it all, quickly as well.
We are as well, plus our auto insurance went up $60.00 a month. We knew it would happen. The street mayhem, snatch and grab, buildings vandalized, cars set on fire/ stolen, etc have caused insurance to skyrocket. The “protesters” and street thugs got THEIR free stuff, and now we have to pay for it.
Equities +80%——Over inflated/government money
Average US salary +$16,700-—Huh? “According to recent data, the average US salary has experienced a decline. In Q4 of 2023, the average annual salary in the US was $56,316, which is lower compared to the 7.3% rise in average earnings between 2021 and 2022. Also, with 26% inflation, any “rise” in salaries is completely offset.
—Credit card debt at a record high-—almost 1 trillion because people can’t pay their bills. Also, there’s a 36% increase in people that can’t afford their electric bills and have no power comping into their home. Also, people are working 3-3 jobs, another first.
US Dollar +17%-—Compared to what? The Yen? Gold? What....The dollar is the “best or the worst” world currencies because we keep printing.
my annual rent lease went up $40.00 a month.
My former negotiated internet bill is at $130.00 a month.
My apartment light bill is $130.00 a month.
A federal published journal, 7530-00-222-3521, has gone from a cost of$7.95 to over $18.00 each!
I am on a fixed income, with an ever increasing feed bill.
My costs to live, (shelter+utilities), are ovet 60% of my present pension.
Ay politician that thinks it is possible to plant a budget with a vacillating cost, is an idiot.
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