Connect with us

Hi, what are you looking for?

Opinion

High Costs of Biden’s Regulations Hurt U.S. Homeowners

via MSNBC

A report by the Alliance for Consumers has revealed that the cost of owning a home has significantly increased under President Joe Biden due to rules and regulations implemented by his administration.

The report estimates that these policies could add up to $9,000 to the total cost for homeowners.

Specific examples include higher prices for gas furnaces, light bulbs, air conditioning, water heaters, washing machines, dishwashers, cars, ceiling fans, and potential bans on gas stoves. (Trending: Obama’s Ignorant Remarks On Israel)

The impact of inflation on household item costs was not factored into the report.

The cost of homeownership has risen significantly under President Joe Biden’s leadership, as the average American now officially needs to make around $115,000 per year in order to afford a home.

“Latest data from real estate company Redfin has revealed that prospective homebuyers need to earn a salary of $114,627 – up 15 percent from a year ago and up more than 50 percent since the start of the pandemic,” wrote the UK’s Daily Mail.

“This is about $40,000 more than the income of a typical household. The average worker’s salary was around $75,000 in 2022 – the most recent US Census Bureau data available.” (Poll: Is Bidenomics Helping Americans? VOTE)

“The typical US home sold for about $420,000 in August, up 3 percent year over year and about $12,000 shy of the all-time high hit in mid-2022, according to Redfin,” the outlet added.

The news comes as poll after poll has revealed that “Bidenomics” has turned out to be a complete failure.

Interest rates are skyrocketing as well, making it extremely difficult for new buyers to enter the housing market.

“In a homebuyer’s ideal world, rising mortgage rates would push demand and home prices down enough to make up for high interest payments,” Redfin’s Chen Zhao stated. (Trending: Devastating New Poll For Joe Biden)

“But that’s not what’s happening now: Although new listings are ticking up slightly, inventory is still near record lows as homeowners hang onto their low mortgage rates–and that’s propping up prices,” she continued, saying, “Buyers – particularly first-timers – who are committed to getting into a home now should think outside the box.”

“Consider a condo or townhouse, which are less expensive than a single-family home, and/or consider moving to a more affordable part of the country or a more affordable suburb.”

A Marquette University poll revealed that former President Donald Trump has a 23 point lead over Biden regarding voters trust in the handling of inflation, the economy, and security at the border.

Most Popular:

Actor Jon Voight Slams Daughter Angelina Jolie Over Her Israel Comments

Donald Trump Reaches Major Milestone

Democrat Insults Black Voters Who Don’t Support Biden

You May Also Like

Gallery

An esteemed scholar, activist, and leader in the Black Lives Matter movement, Melina Abdullah has dedicated her life to challenging systemic oppression. Melina Abdullah...

Gallery

Another court ruling centered on AR-15s. Court of Appeals The United States Court of Appeals for the Seventh Circuit overturned an injunction against Illinois’...

Gallery

Voter fraud A judge has overturned a Democratic primary race in a Connecticut town after video evidence allegedly showed the incumbent mayor, Joe Ganim,...

Gallery

Crushing blow to Biden The Biden Administration sought to block government funding for school shooting courses, such as hunting and archery, but the House...

Gallery

Jeff Landry wins the governorship in Louisiana. Significant victory The Republican Party has achieved a significant victory in Louisiana, securing full control of all...

Gallery

Biden pronoun policy The Department of Health and Human Services (HHS) has implemented a new gender pronoun policy, requiring employees to use preferred pronouns...

Gallery

Biden’s open border agenda The Supreme Court affirmed Texas’ authority to implement a law allowing state law enforcement to detain migrants, dealing a blow...