The average monthly mortgage payment in the US has risen to $3,322, nearly double the amount when Trump was in office.
This increase has made homeownership unattainable for many, particularly young people who predominantly vote Democrat.
Factors contributing to the high costs include Biden’s economic policies, the influx of illegal immigrants, and Democratic opposition to single-family homes. (Trending: Hunter Biden’s Own Memoir Is Coming Back To Haunt Him In Criminal Trial)
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.
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