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US Home Buyers Need to Earn $47,000 More Than in 2020 (The Income Needed To Afford A Home Up 80% Since 2020, While Median Income Has Risen 23%)
Confounded Interest ^ | 03/18/2024 | Anthony B. Sanders

Posted on 03/18/2024 2:21:49 PM PDT by Kaiser8408a

How bad is Bidenomics for the American middle class? We know that inflation is far higher under China/Ukraine Joe (even with those awful looking Hoka shoes), but the pain that is being felt is attrocious.

Nike has made a pair of shoes fitting Biden’s international image.

(Excerpt) Read more at confoundedinterest.net ...


TOPICS: Business/Economy; Food; Government; Politics
KEYWORDS: bidenflation; bidenomics; economy; housing; inflation; mortgage; realty

1 posted on 03/18/2024 2:21:49 PM PDT by Kaiser8408a
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To: Kaiser8408a

The immigrants where I am (whether legal or otherwise) have this solved......they just live 10-12 to a household and split the cost.....problem solved. 🀷


2 posted on 03/18/2024 2:27:26 PM PDT by V_TWIN (America...so great even the people that hate it refuse to leave!)
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To: V_TWIN

And someday soon they’ll be living in your house because you have so much more than you need or deserve and they need it and deserve it while you don’t and you will have to find other accommodations.

I wish I were joking.

https://youtu.be/mq__Z-Z_Ofs


3 posted on 03/18/2024 2:33:25 PM PDT by E. Pluribus Unum (The worst thing about censorship is β–ˆβ–ˆβ–ˆβ–ˆβ–ˆ β–ˆβ–ˆ β–ˆβ–ˆβ–ˆβ–ˆ β–ˆβ–ˆβ–ˆβ–ˆβ–ˆβ–ˆβ–ˆβ–ˆ β–ˆ β–ˆβ–ˆβ–ˆβ–ˆβ–ˆβ–ˆβ–ˆ β–ˆβ–ˆβ–ˆβ–ˆ. FJB.)
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To: E. Pluribus Unum

I know your not joking.....just watch Europe......whatever happens there will eventually happen here......putting muslims in leadership positions is stage 1.


4 posted on 03/18/2024 2:38:39 PM PDT by V_TWIN (America...so great even the people that hate it refuse to leave!)
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To: Kaiser8408a

Well for this old guy planning to sell soon, I watch every day to see how much it has increased in price since 2020 and can’t help but smiling...


5 posted on 03/18/2024 2:54:33 PM PDT by montanajoe ( )
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To: Kaiser8408a

In the mid 80’s an 11% Mortgage rate was good. Prices will need to adjust downward soon.


6 posted on 03/18/2024 2:55:52 PM PDT by blackdog ((Z28.310) Be careful what you say. Your refrigerator may be listening & reporting you.)
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To: Kaiser8408a

I was just on the realtor.com website before you posted.

Newly constructed homes are going for $600,000-$2,000,000+. Almost all of them are larger than 5,000 square feet.

This is in the poorest large city in the United States (average household income is $54,000).

There are several in my neighborhood that just sit empty, and have been for years.

Either there will have to be a change in the way houses are constructed to lower production cost (eg 3D printing) or there will simply be a smaller number of homes built.


7 posted on 03/18/2024 3:00:50 PM PDT by packagingguy
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To: montanajoe
Well for this old guy planning to sell soon, I watch every day to see how much it has increased in price since 2020 and can’t help but smiling...

So you're planning to live in a cardboard box?

8 posted on 03/18/2024 3:52:46 PM PDT by E. Pluribus Unum (The worst thing about censorship is β–ˆβ–ˆβ–ˆβ–ˆβ–ˆ β–ˆβ–ˆ β–ˆβ–ˆβ–ˆβ–ˆ β–ˆβ–ˆβ–ˆβ–ˆβ–ˆβ–ˆβ–ˆβ–ˆ β–ˆ β–ˆβ–ˆβ–ˆβ–ˆβ–ˆβ–ˆβ–ˆ β–ˆβ–ˆβ–ˆβ–ˆ. FJB.)
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To: E. Pluribus Unum

Nope I plan on going back to the Philippines soon, I can get VA care in Manila and have always liked that part of the world since Uncle Sam sent me to SE Asia for my summer trip.

I look at the way the prices have gone it up here and selling is the best choice for me, there is no doubt I will be able to buy lots of cardboard boxes lol


9 posted on 03/18/2024 4:23:21 PM PDT by montanajoe ( )
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To: blackdog
In the mid 80’s an 11% Mortgage rate was good. Prices will need to adjust downward soon.

Cash buyers don't care about mortgage rates, and they seem to be driving the market in my area. Not sure how long that can continue.

10 posted on 03/18/2024 4:38:26 PM PDT by ETCM (β€œThere is no security, no safety, in the appeasement of evil.” β€” Ronald Reagan)
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