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This is fine: Average salary required to own a home increased 80.5% under Biden
Twitchy.com ^ | 6/26/2024 | Amy Curtis

Posted on 06/27/2024 6:28:48 AM PDT by NetAddicted

We're sure this is fine. Let's keep doing Bidenomics and not trying anything else.

The typical salary required nationwide for homeownership is now $106,500 — a 61% increase from the $59,000 required just four years ago, according to Zillow.

— unusual_whales (@unusual_whales) June 25, 2024

A Community Note points out that's not a 61%, but 80.5%. Even better.

We're literally screwed pic.twitter.com/BecnnCa8jE

— Pumponomics (@ClownPeasant) June 25, 2024

Very screwed.

High home prices are due to rampant inflation on literally everything, combined with lockdown-induced supply chain disruptions, massive insurance and utility spikes and, of course, historically high property taxes. All over just the last 3 years.

All 100% government-induced.

— Erich Hartmann (@erichhartmann) June 25, 2024

All on the shoulders of the government.

Have salaries increased 61% over 4 years to keep up? No

— Ovation NFT Social Platform (@Ovation_Network) June 25, 2024

Nope.

I don’t understand how the Biden administration could say the economy is good when we have statistics like this.

This is in insane jump in price!

— Rebecca V Anti-Communist (@RebeccaAVelo) June 25, 2024

Gaslighting. That's why.

This feels like a more realistic measure of inflation

— Yegor Tkachenko (@yegortk) June 25, 2024

It is. Which is why a lot of metrics are ignoring it.

Transitory

— Cory (@CoryNewspaper) June 25, 2024

Sure. 'Transitory' indeed.

I've been told the economy is fine and I just need to budget better because I apparently waste money https://t.co/MHMpYXG0aW

— Kaya (@sisterinferior) June 26, 2024

Right? This is a winning electoral strategy, for sure.

See?! That proves Bidenomics is working! - Will Stancil https://t.co/ds8GybnlBb

— Physics Geek (@physicsgeek) June 25, 2024

Totally working.

When people say things like, they were better off 4 years ago- they are talking about stuff like this: https://t.co/O8QExJlNs5

— Brittany (@bccover) June 25, 2024

Exactly stuff like this.

The median US income is only $48,000.

“You will own nothing and be happy.” https://t.co/q4sVtFuYqY

— Nathan Carson (@ndcarson) June 25, 2024

Depressing, isn't it?

That means the economy is better than ever, try to keep up https://t.co/KXwQ7DHgkW

— Evan (@EvanMcM) June 25, 2024

It's the best economy ever, Jack!

https://t.co/2t542AFicj pic.twitter.com/RNLec0jPn7

— Luke Adomanis (@LukeAdomanis) June 25, 2024

Pretty much sums it up.

***

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TOPICS:
KEYWORDS: biden; bidendestroyseconomy; bidenomics; homes; twitchy; worthlessbidenharris; worthlessjoe
Oy vey, oy vey, oy vey!
1 posted on 06/27/2024 6:28:48 AM PDT by NetAddicted
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To: NetAddicted

Another great Biden accomplishment. He has given the average working man and woman the incentive they need to work harder and make more money.


2 posted on 06/27/2024 6:45:49 AM PDT by RoosterRedux (It's funny that the harder I work, the luckier I get.)
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Bidenomics…vote Blue Rat…🤡🤡🤡


3 posted on 06/27/2024 6:49:03 AM PDT by TnTnTn
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To: NetAddicted

Build back bitter. DemoRats spin masters will lie and tell us all is better, it’s just that we don’t see it. One has to be a blinded chump to swallow that drivel.


4 posted on 06/27/2024 6:49:11 AM PDT by tflabo (Truth or tyranny)
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To: NetAddicted
The typical salary required nationwide for homeownership is now $106,500 — a 61% increase from the $59,000 required just four years ago, according to Zillow.

The good news is that rents have gone up as well, so you need an even higher salary just to rent.

5 posted on 06/27/2024 6:52:16 AM PDT by Sirius Lee (IThey intend to kill us. Plan to avoid this.)
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To: NetAddicted

Tough for those looking to buy (note: Team Trump when targeting the youth vote), but due to inflation combined with massive appreciation for those already owning.


6 posted on 06/27/2024 6:52:31 AM PDT by 9YearLurker
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To: NetAddicted

I guess the loss of economic underpinning for the USD has finally caught up with the Banks. The primary creation of more money is not longer the FED RES managing the economy but printing fiat and government spending. Just in time for the republicans to deal with the fallout of the DNC policies and spending.

Trump - do not fix this. Burn it to the ground and start over. Default. Issue a new currency. Jail the democrats.


7 posted on 06/27/2024 7:24:46 AM PDT by Jumper
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To: NetAddicted

Here’s a simpleminded question: why haven’t builders built homes, perhaps not single-family homes, that are affordable to those with ordinary incomes?

And there’s the used homes that come on the market. Must be that the sellers can find buyers at the “unaffordable” prices they seek.

The problem is just interest rates, but the prices themselves.


8 posted on 06/27/2024 7:39:50 AM PDT by cymbeline (we saw men break out of a concentration camp.”)
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To: RoosterRedux

The obscene deficit spending that the Fed was forced to underwrite sure didn’t start with Biden-Harris, although they share the blame with the warfare spending and phony ‘inflation reduction act’, and other green nonsense.

Check the numbers over the last 15 years.

At bottom the real reason for 99% of our troubles is failure for congress to do their job, namely, make sure we adhere to the spirit and letter of the Constitution including protedting our rights. The Congress is the final arbiter on all matters - look to that body when assigning blame.


9 posted on 06/27/2024 8:30:06 AM PDT by Thorium90
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To: cymbeline

There is a two tier housing market...

(1) Those who already own their homes and can upgrade (or downgrade) to homes with all or mostly cash—so the higher interest rates are not a big deal.

(2) First time potential homebuyers currently renting.

Group 1 is doing reasonably well.

Group 2 is toast. Higher rents are crushing them. High home prices and today’s interest rates make homeownership very expensive at best. If they live in a high cost market homeownership of a somewhat decent house in a somewhat decent neighborhood with a somewhat decent public school system becomes almost impossible.

If you try to combine these apples and oranges together with statistics you get useless and confusing data.


10 posted on 06/27/2024 8:37:18 AM PDT by cgbg ("Our democracy" = Their Kleptocracy)
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To: Thorium90

“Green” anything is a declaration of war by the elites and wealthy on the middle and lower classes.


11 posted on 06/27/2024 8:38:25 AM PDT by cgbg ("Our democracy" = Their Kleptocracy)
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To: NetAddicted

If I was not already a homeowner, I would not be able to afford a home. I bought at the very low point in the housing market and refinanced at the beginning of Covid. I’m watching the value of my home skyrocket while I’m sitting on a 3.5% interest rate.


12 posted on 06/27/2024 9:45:41 AM PDT by nonliberal (Z.)
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To: NetAddicted

What is twitchy?


13 posted on 06/27/2024 9:48:21 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: cymbeline
Must be that the sellers can find REI buyers at the “unaffordable” prices they seek.

Fixed it.

14 posted on 06/27/2024 9:50:24 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: cymbeline
Must be that the sellers can find REIT buyers at the “unaffordable” prices they seek.

Fixed it again.

15 posted on 06/27/2024 9:56:02 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: central_va

Twitchy was started by Michelle Malkin. She sold it, and the gist of it is to highlight intriguing political tweets and/or threads. Some bright people tweet and deserve to be heard.


16 posted on 06/27/2024 10:44:53 AM PDT by NetAddicted (MAGA2024)
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To: NetAddicted

It’s not incompetence.
It’s intentional.


17 posted on 06/27/2024 10:50:41 AM PDT by newfreep ("There is no race problem...just a problem race")
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