The "affordability crisis" is a rat talking point.
I remember having an ongoing affordability crisis in the late 70’s, early 80’s, mid-80’s. Inflation was very high of course. I solved the problem by having 3 little one-man businesses until my main business grew enough to cut back to two.
Yep. In Virginia, thats the code word dims used in the last election. They promptly got into office and made everything more expensive. Could not care less about citizens.
As is the Fed's conventional wisdom on rates and inflation.
The affordability crisis was caused by 9% Biden and is cumulative. Only way back is to have a deflationary period which the FED will never, ever consider due to them causing the Great Depression or until productivity increases dramatically or wages catch up.
“ The “affordability crisis” is a rat talking point.”
It’s real but they caused it.
And like it or not, it will continue to have traction with the window lickers. The inflation rate may decrease, but prices don't typically come down off their highs, even if energy costs decrease.
And wages and salaries rarely keep up with inflation.
"I can't afford much Cheetos." is an easy sell for the demoncraps.
Well it the long term it is a structural problem not unique to any administration. The decline began in around 1975. You will see auto prices as one example have eclipsed any wage increases.