Skip to comments.Biden’s ShamWow Economy! Real Home Price To Real Median Earnings Not As Bad As 2006’s Housing Bubble (Home Prices UP 32% Under Biden While Mortgage Rates UP 155%)
Posted on 09/04/2023 8:43:48 AM PDT by Kaiser8408a
You know Bidenomics isn’t working at all when the best I can say about it is … the current housing bubble isn’t as bad as the house price bubble of 2006. We are truly in Biden’s ShamWow economy!
Yes, if I look at real home prices less real median earnings we can see that the ratio, while terrible, is still not as bad as the housing bubble of 2006.
If I look at Case-Shiller National home price index less REAL median earnings, it is now far worse than in 2006.
But home prices are still up 32% under Biden
While the 30-year conforming mortgage rate is up 155% under Vacation Joe.
It should be GREEN ShamWow!. The money seems to be disappearing into the pockets of green energy donors, and Ukraine.
(Excerpt) Read more at confoundedinterest.net ...
AND to help Biden is bringing in millions of invaders and giving tax dollars to house them bringing up the prices even more.
home prices are still up 32% under Biden
And mortgage rate is up 155% under Vacation Joe.
Add in higher insurance rates.
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