More 'exciting news' from team Biden and Bidenomics!

"Average Monthly Mortgage Payment Explodes to $3,322 In Biden�s America"

<https://www.breitbart.com/economy/2023/12/11/nolte-average-monthly-
mortgage-payment-explodes-3322-bidens-america/>

"The average monthly mortgage payment in Joe Biden�s America has soared
to $3,322, per analysis from the Wall Street Journal.

That $3,322 is nearly double the average monthly mortgage payment when
His Fraudulency assumed office. When former President Trump left office,
the average monthly mortgage payment was $1,787."

"�Homeownership has become a pipe dream for more Americans,� writes the
WSJ, �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 adds. �Now that they are high, many people are just
giving up.�"

"But let�s remember who these people are who are looking to enter the
housing market � young people. And who do young people vote for
overwhelmingly? Democrats. And so, allow me to welcome you to today�s
edition of People Getting What They Vote For:

It is now less affordable than any time in recent history to buy a home,
and the math isn�t changing any time soon. Home prices aren�t expected to
go back to prepandemic levels. The Federal Reserve, which started raising
rates aggressively early last year to curb inflation, hasn�t shown much
interest in cutting them. Mortgage rates slipped to about 7% last week,
the lowest in several months, but they are still more than double what
they were two years ago.

This is good news for me. The wife and I purchased our home in 1997.
Afterward, we worked hard and saved harder to pay it off by 2003. Ever
since we�ve been saving our money for retirement, and now that we are Of
A Certain Age where it�s no longer wise to try to ride out stock market
downturns, we have taken advantage of these gloriously high interest
rates Democrats voted for. Our money is now nice and safe and snug in an
interest-bearing account working its butt off for us. Thanks, Unhoused
Zoomers!"

"Oh, but YOU can�t buy a home because you voted for a Democrat. Cry more.

Those obnoxiously high mortgage payments are not only due to the
Bidenflation caused by His Fraudulency�s lunatic government spending.
There are other factors�

For those of you who vote Democrat and are currently pissing away all
your money on rent because you can�t afford a home, riddle me this: What
happens to the housing market when a president throws open our southern
border to millions and millions of illegal aliens who need a place to
live? Think hard now� Could it be that when you have a finite amount of
something people want and then flood the country with millions more
people who want it�? Yes, that�s right, dummies, the cost of that
Something People Want explodes and that Something People Want becomes
scarcer. And now you want it and can�t get it because you�re a dummy.

The second factor is this� Democrats hate single-family homes. This is
why they use Climate Change to justify blocking the construction of new
homes. Democrats want us all packed in cities in massive government
housing complexes. By the way, they make no secret of this.

The final factor is this� This is all by design, dummies. Democrats know
lunatic government spending creates lunatic inflation and that lunatic
inflation destroys purchasing power and creates high interest rates that
make it impossible for the middle class to purchase a home. Democrats
also know that when you flood a country already dealing with a housing
crisis caused by enviro-lies with millions of illegals, housing costs
explode.

Democrats don�t want you to own anything, especially a house. The mantra
is, �You�ll own nothing and be happy.� This also means you will never
accrue wealth because the middle and working class can only accrue wealth
through home ownership. And when I say �wealth,� I don�t mean rich.
Believe me, as hard and smart as my wife and I have worked, no one would
consider us rich. But we do have a nest egg for retirement that will make
us more comfortable than Social Security.

By design, the Democrat party and their pals in multinational
corporations make out like bandits in a non-ownership society. You are
dependent on the government and until the day you die, and you are
eternally making monthly payments for your home (wake up, dummies), your
car, your music, your movies, your TV programming, your radio, your
computer operating system, and whatever other demonic subscription
service they can rope you into (coffee! meals! makeup! car washes!
perfume! veterinary care!).

So keep voting Democrat, dummies. It�s no skin off my nose. I�m set. And
I�m enjoying this 5.5 percent guaranteed annual interest rate almost as
much as my toldjasos.

Almost.

"

On 2023-12-11, Paul Ragna <tpragna@gmail.com> wrote:
> More 'exciting news' from team Biden and Bidenomics!
>
> "Average Monthly Mortgage Payment Explodes to $3,322 In Biden’s America"
>
><https://www.breitbart.com/economy/2023/12/11/nolte-average-monthly-
> mortgage-payment-explodes-3322-bidens-america/>
>
> "The average monthly mortgage payment in Joe Biden’s America has soared
> to $3,322, per analysis from the Wall Street Journal.
>
> That $3,322 is nearly double the average monthly mortgage payment when
> His Fraudulency assumed office. When former President Trump left office,
> the average monthly mortgage payment was $1,787."
>
> "“Homeownership has become a pipe dream for more Americans,” writes the
> WSJ, “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 adds. “Now that they are high, many people are just
> giving up.”"
>
> "But let’s remember who these people are who are looking to enter the
> housing market — young people. And who do young people vote for
> overwhelmingly? Democrats. And so, allow me to welcome you to today’s
> edition of People Getting What They Vote For:
>
> It is now less affordable than any time in recent history to buy a home,
> and the math isn’t changing any time soon. Home prices aren’t expected to
> go back to prepandemic levels. The Federal Reserve, which started raising
> rates aggressively early last year to curb inflation, hasn’t shown much
> interest in cutting them. Mortgage rates slipped to about 7% last week,
> the lowest in several months, but they are still more than double what
> they were two years ago.
>
> This is good news for me. The wife and I purchased our home in 1997.
> Afterward, we worked hard and saved harder to pay it off by 2003. Ever
> since we’ve been saving our money for retirement, and now that we are Of
> A Certain Age where it’s no longer wise to try to ride out stock market
> downturns, we have taken advantage of these gloriously high interest
> rates Democrats voted for. Our money is now nice and safe and snug in an
> interest-bearing account working its butt off for us. Thanks, Unhoused
> Zoomers!"
>
> "Oh, but YOU can’t buy a home because you voted for a Democrat. Cry more.
>
> Those obnoxiously high mortgage payments are not only due to the
> Bidenflation caused by His Fraudulency’s lunatic government spending.
> There are other factors…
>
> For those of you who vote Democrat and are currently pissing away all
> your money on rent because you can’t afford a home, riddle me this: What
> happens to the housing market when a president throws open our southern
> border to millions and millions of illegal aliens who need a place to
> live? Think hard now… Could it be that when you have a finite amount of
> something people want and then flood the country with millions more
> people who want it…? Yes, that’s right, dummies, the cost of that
> Something People Want explodes and that Something People Want becomes
> scarcer. And now you want it and can’t get it because you’re a dummy.
>
> The second factor is this… Democrats hate single-family homes. This is
> why they use Climate Change to justify blocking the construction of new
> homes. Democrats want us all packed in cities in massive government
> housing complexes. By the way, they make no secret of this.
>
> The final factor is this… This is all by design, dummies. Democrats know
> lunatic government spending creates lunatic inflation and that lunatic
> inflation destroys purchasing power and creates high interest rates that
> make it impossible for the middle class to purchase a home. Democrats
> also know that when you flood a country already dealing with a housing
> crisis caused by enviro-lies with millions of illegals, housing costs
> explode.
>
> Democrats don’t want you to own anything, especially a house. The mantra
> is, “You’ll own nothing and be happy.” This also means you will never
> accrue wealth because the middle and working class can only accrue wealth
> through home ownership. And when I say “wealth,” I don’t mean rich.
> Believe me, as hard and smart as my wife and I have worked, no one would
> consider us rich. But we do have a nest egg for retirement that will make
> us more comfortable than Social Security.
>
> By design, the Democrat party and their pals in multinational
> corporations make out like bandits in a non-ownership society. You are
> dependent on the government and until the day you die, and you are
> eternally making monthly payments for your home (wake up, dummies), your
> car, your music, your movies, your TV programming, your radio, your
> computer operating system, and whatever other demonic subscription
> service they can rope you into (coffee! meals! makeup! car washes!
> perfume! veterinary care!).
>
> So keep voting Democrat, dummies. It’s no skin off my nose. I’m set. And
> I’m enjoying this 5.5 percent guaranteed annual interest rate almost as
> much as my toldjasos.
>
> Almost.
>
> "
Welcome to the start of the 2 class system.
The super rich elite and the rest of us.
That being said, when I purchased my first home the interest rate was around 16%. I had to borrow
from my parents to come up with the down payment.
Of course houses were much less expensive back then.
I paid about $95k for a 3 bedroom brand new custom built house.
I no longer live there, but the house is now worth $600k or more. Assuming they can find a buyer.
It's crazy. The house doesn't even have a basement but is built on a slab and with builder grade
materials.
And with the rents way sky high as well, young people cannot rent and save money for the American
dream.
It's way out of reach.
Very sad.

--
pothead
Tommy Chong For President 2024.
Crazy Joe Biden Is A Demented Imbecile.
Impeach Joe Biden 2022.

On Mon, 11 Dec 2023 23:29:18 -0000 (UTC), pothead <pothead@snakebite.com> wrote:

>On 2023-12-11, Paul Ragna <tpragna@gmail.com> wrote:
>> More 'exciting news' from team Biden and Bidenomics!
>>
>> "Average Monthly Mortgage Payment Explodes to $3,322 In Biden?s America"
>>
>><https://www.breitbart.com/economy/2023/12/11/nolte-average-monthly-
>> mortgage-payment-explodes-3322-bidens-america/>
>>
>> "The average monthly mortgage payment in Joe Biden?s America has soared
>> to $3,322, per analysis from the Wall Street Journal.
>>
>> That $3,322 is nearly double the average monthly mortgage payment when
>> His Fraudulency assumed office. When former President Trump left office,
>> the average monthly mortgage payment was $1,787."
>>
>> "?Homeownership has become a pipe dream for more Americans,? writes the
>> WSJ, ?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 adds. ?Now that they are high, many people are just
>> giving up.?"
>>
>> "But let?s remember who these people are who are looking to enter the
>> housing market ? young people. And who do young people vote for
>> overwhelmingly? Democrats. And so, allow me to welcome you to today?s
>> edition of People Getting What They Vote For:
>>
>> It is now less affordable than any time in recent history to buy a home,
>> and the math isn?t changing any time soon. Home prices aren?t expected to
>> go back to prepandemic levels. The Federal Reserve, which started raising
>> rates aggressively early last year to curb inflation, hasn?t shown much
>> interest in cutting them. Mortgage rates slipped to about 7% last week,
>> the lowest in several months, but they are still more than double what
>> they were two years ago.
>>
>> This is good news for me. The wife and I purchased our home in 1997.
>> Afterward, we worked hard and saved harder to pay it off by 2003. Ever
>> since we?ve been saving our money for retirement, and now that we are Of
>> A Certain Age where it?s no longer wise to try to ride out stock market
>> downturns, we have taken advantage of these gloriously high interest
>> rates Democrats voted for. Our money is now nice and safe and snug in an
>> interest-bearing account working its butt off for us. Thanks, Unhoused
>> Zoomers!"
>>
>> "Oh, but YOU can?t buy a home because you voted for a Democrat. Cry more.
>>
>> Those obnoxiously high mortgage payments are not only due to the
>> Bidenflation caused by His Fraudulency?s lunatic government spending.
>> There are other factors?
>>
>> For those of you who vote Democrat and are currently pissing away all
>> your money on rent because you can?t afford a home, riddle me this: What
>> happens to the housing market when a president throws open our southern
>> border to millions and millions of illegal aliens who need a place to
>> live? Think hard now? Could it be that when you have a finite amount of
>> something people want and then flood the country with millions more
>> people who want it?? Yes, that?s right, dummies, the cost of that
>> Something People Want explodes and that Something People Want becomes
>> scarcer. And now you want it and can?t get it because you?re a dummy.
>>
>> The second factor is this? Democrats hate single-family homes. This is
>> why they use Climate Change to justify blocking the construction of new
>> homes. Democrats want us all packed in cities in massive government
>> housing complexes. By the way, they make no secret of this.
>>
>> The final factor is this? This is all by design, dummies. Democrats know
>> lunatic government spending creates lunatic inflation and that lunatic
>> inflation destroys purchasing power and creates high interest rates that
>> make it impossible for the middle class to purchase a home. Democrats
>> also know that when you flood a country already dealing with a housing
>> crisis caused by enviro-lies with millions of illegals, housing costs
>> explode.
>>
>> Democrats don?t want you to own anything, especially a house. The mantra
>> is, ?You?ll own nothing and be happy.? This also means you will never
>> accrue wealth because the middle and working class can only accrue wealth
>> through home ownership. And when I say ?wealth,? I don?t mean rich.
>> Believe me, as hard and smart as my wife and I have worked, no one would
>> consider us rich. But we do have a nest egg for retirement that will make
>> us more comfortable than Social Security.
>>
>> By design, the Democrat party and their pals in multinational
>> corporations make out like bandits in a non-ownership society. You are
>> dependent on the government and until the day you die, and you are
>> eternally making monthly payments for your home (wake up, dummies), your
>> car, your music, your movies, your TV programming, your radio, your
>> computer operating system, and whatever other demonic subscription
>> service they can rope you into (coffee! meals! makeup! car washes!
>> perfume! veterinary care!).
>>
>> So keep voting Democrat, dummies. It?s no skin off my nose. I?m set. And
>> I?m enjoying this 5.5 percent guaranteed annual interest rate almost as
>> much as my toldjasos.
>>
>> Almost.
>>
>> "
>Welcome to the start of the 2 class system.

That started in the eighties.

>The super rich elite and the rest of us.
>That being said, when I purchased my first home the interest rate was around 16%. I had to borrow
>from my parents to come up with the down payment.
>Of course houses were much less expensive back then.
>I paid about $95k for a 3 bedroom brand new custom built house.
>I no longer live there, but the house is now worth $600k or more. Assuming they can find a buyer.
>It's crazy. The house doesn't even have a basement but is built on a slab and with builder grade
>materials.
>And with the rents way sky high as well, young people cannot rent and save money for the American
>dream.
>It's way out of reach.
>Very sad.

Agreed.

Swill
--
"I don't want everybody to vote. As a matter of fact, our leverage in
the elections quite candidly goes up as the voting populace goes down."
- Paul Weyrich, co founder of Heritage Foundation and Moral Majority

Not left, not right, https://www.forwardparty.com/

Heroyam slava! Glory to the Heroes!

Sláva Ukrajíni! Glory to Ukraine!

Putin tse prezervatyv! Putin is a condom!

Go here to donate to Ukrainian relief.
<https://www2.deloitte.com/ua/uk/pages/registration-forms/help-cities.html>

In article <XnsB0D79B7942FE2882000099222@135.181.20.170>,
Paul Ragna <tpragna@gmail.com> wrote:

> More 'exciting news' from team Biden and Bidenomics!
>
> "Average Monthly Mortgage Payment Explodes to $3,322 In Biden's America"
>
> <https://www.breitbart.com/economy/2023/12/11/nolte-average-monthly-
> mortgage-payment-explodes-3322-bidens-america/>

If you and brightfart think the cost of housing is going to miraculously
return to pre-Covid 2019 levels should Big Daddy be elected I have a
bridge in Brooklyn to sell you.