Posted on 09/12/2024 7:08:57 AM PDT by Salman
The cost of rent and utilities in 2023 rose faster than home values for the first time in a decade, the latest sign that a distorted housing market has pushed more people into renting.
That’s one takeaway from the 2023 American Community Survey, released Thursday by the Census Bureau. From 2011 to 2019, real rent costs rose less than 3 percent every year, the data show. In 2022, after peaking during the coronavirus pandemic, rent grew 1 percent. But last year, rent rose 3.8 percent, compared with a 1.8 percent rise in inflation-adjusted median home values.
The data comes as housing has emerged as a dominant economic and political issue, both in the run-up to the presidential election and in the broader context of the world since the coronavirus emerged. ...
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(Excerpt) Read more at washingtonpost.com ...
FReepers, this entire election boils down to one simple thing. I suggest you use this when posting on social media:
We have two candidates that each served a single term in office. They have a track record. Eliminate all the noise about character, endorsements, etc and just compare how each did while they were on the job.
Compare their performance with regard to the economy, foreign policy, and border security.
If you do that, the choice becomes clear which one should get another term in office.
My head spins over the rates I’m paying for electricity these days. I look longingly at utility bills I paid even 4 years ago, but complained about.
Free markets and honest money.
Respecting the Constitution in spirit as well as in letter wouldn’t hurt either.
Everything else will take care of itself.
Kamala will just say this is because of the booming economy that her skillful guidance has produced.
In California the price of homes and rent is on steroids - read yesterday the average price of a home in the state is $1 million, I know it is in my area for run-down, post WW II homes that need major repairs, if not tear downs - one sold on my corner, a real wreck, the first day for $1.5 million, in cash. The buyers were foreign.
Ditto for utilities as far as double the price of any other state.
Love my State, Hate its Government
Ask: “Are you better off now than you were four years ago?”
Ask about the price of gas, groceries, utilities and things that Americans need and use every day. Have they gone up for you?
Price of gas: ≈ $1.87 when Trump left office, now? Over $3.00/gallon in most states ($4.69 for those of us in the “Beholden State”).
THIS is what Trump should be talking about everywhere. Joe’s “newcomers” are competing with Americans for goods and services, BUT, the American taxpayer is paying bills for those alien invaders.
Nixon’s fault.
Reagan’s fault.
Bush’s fault.
San Andreas fault...
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