The average monthly mortgage payment in the US has risen to $3,322, almost double what it was when Trump left office.
This has made homeownership unattainable for many, particularly young people.
Critics attribute this to Democratic policies, high inflation, and immigration policies. (Trending: LeBron James Shares Gun Advice For Americans)
WSJ analysis of the housing market:
Average monthly new home payment
when Biden took office: $1,787Average monthly new home payment
today: $3,322 pic.twitter.com/OBqjAM9Hr3— Tom Bevan (@TomBevanRCP) December 11, 2023
According to the Wall Street Journal, “Homeownership has become a pipe dream for more Americans.”
Adding, “Even those who could afford to buy just a few years ago.”
“Many would-be buyers were already feeling stretched thin by home prices that shot quickly higher in the pandemic, but at least mortgage rates were low,” the report continued.
“Now that they are high, many people are just giving up,” the outlet reported.
The Democratic Party allegedly aims to create a society where people own nothing, relying on the government and perpetually making payments.
Critics believe that Democrats are intentionally driving up housing costs to prevent middle-class wealth accumulation through home ownership, favoring a non-ownership society.
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