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Once true....not anymore.Not true when buying a home.
Initially your wages lag the price of your mortgage.
But over 30 years, your mortgage stays constant while your wages increase significantly
I’m asking folks
for the middle class will we have a status quo that we currently have for years to come, will things get worse soon or will they get better sooner than later? What folks think about that?
I’m a traditional Democrat. I would support a sensible foreign policy, and I want something like we had during the post World War II years known as the post World War II economic, boom in the USA, which created millions of middle-class jobs. Capitalism as it was in the middle of the 20th century worked out tremendously for America. So I’m not against a free market, I’m not against capitalism.
I don’t have all of the answers and maybe there are folks here who are more informed about these issues. We are currently going through an economic depression in the USA. Certainly for the working class that is completely undeniable. That’s what happens when interest rates on home loans triple under Joe Biden compared to what they were under Trump. But forget about for a moment who gets elected or re elected in 2024. Answer the questions posed.
It is interesting that left-wing fanaticism, which is going on in the USA today(the rise of BLM, wokeness, cancel culture and men going into women’s bathrooms and other fanatical things) and neo conservative foreign policy toward countries like Ukraine and Israel is simultaneously occurring with record high home prices and tripling of interest rates on home loans.
You’re talking about Neo conservatives. Although in today’s political climate many left-wing Democrats support funding for endless foreign wars like the one in Ukraine or in Palestine.All of the above is the result of the Republican policies since the 1980s.
They created a society where the working people are powerless. All wealth is funneled up to the wealthiest .01%, who have become a de facto royalty.
Monarchists have never disappeared; they have been waiting for generations to destroy the American middle class. They are succeeding.
They kept us all focused on anti-communism while they twisted our economy to their benefit.
Actually it was Clinton in the 90s that did us in....All of the above is the result of the Republican policies since the 1980s.
They created a society where the working people are powerless. All wealth is funneled up to the wealthiest .01%, who have become a de facto royalty.
Monarchists have never disappeared; they have been waiting for generations to destroy the American middle class. They are succeeding.
They kept us all focused on anti-communism while they twisted our economy to their benefit.
But everything's going just fine.
Grant Cardone Exposes Housing Cost Surge Under Biden — 'Mortgages Have Doubled To The Highest Level In History & Double The Cost To Rent'
Real estate investor Grant Cardone highlighted a striking rise in mortgage rates under President Joe Biden's administration in a May 3 post on X. "Under Joe Biden's administration, mortgages have doubled to the highest level in history & double the cost to rent," Cardone posted. "April 2020...finance.yahoo.com
Imagine what it’s like to be a working class person in this country and to hear a democrat brag about the equity of their house going up in value. Which by the way means nothing when that person wants to sell their home and buy a new home at a jacked up price With a higher interest rate. It reminds us of the neo conservatives bragging about how American soldiers don’t have to die in the Russian war in Ukraine, as if the Ukrainian lives mean nothing. It really has to be a form of evil. What else is there to say what other words are there to use?
The cost of living is the most important thing in a country. That’s what separates for example countries with extreme levels of poverty to what people generally believe is the case in the western countries. It’s what separates the so-called third world from the first world. And there are by the way countries in the east they have extraordinary wealth and prosperity like Singapore, Saudi Arabia, the United Arab Emirates etc
"Under Joe Biden's administration, mortgages have doubled to the highest level in history & double the cost to rent," Cardone posted. "April 2020: $1,480. April 2024: $2,890 (record high). Will you buy a house this year?"
Biden supporters, the multi millionaire celebrities, and the Hollywood left will continue to support Joe Biden, and they will continue to make whatever excuse they want for the high price of inflation. But the fact is the bottom line is the work class Americans don’t want to hear what they have to say. they want a better economy. They want to be able to afford the American dream. For many Americans across the country they are in a state of being furious wondering if they will ever have a chance at the American dream. God willing whether it’s a Democrat or a Republican, who is elected in 2024 or 2028 that we do have a better future. Because currently the economy is horrible for working class people.
That’s an issue in fact, corruption among corporations, has always been an issue(probably not too much during the post World War II economic boom when we had a wealthy class but also a strong middle class that we don’t have today)
...but your posts itt do not negate the fax reported on in the original post.
Working class Americans across the country are specifically citing things like a lack of income to afford the costs of living. So you should address this. Forget for a moment who becomes president in 2024.
Despite these financial challenges, homeownership remains a central component of the American Dream, with 78% of Americans viewing it as such, according to Bankrate's Home Affordability Report. Affordability remains a major hurdle, with a significant proportion of nonhomeowners citing lack of income, high home prices and the inability to afford a down payment and closing costs as their main barriers to purchasing a home.
Address this Biden supporters …. will things get better for the working class American sooner than later. Will things get worse or will we continue with the current status quo for years to come?
You can call people propagandist doesn’t make a difference. Forget about who will become president in 2024 or 2028 and answer these concerns, my friend.
Facts are facts …. Home prices were astonishingly less under the Donald Trump administration.Most certainly it addressed your post and has shown that there are so many mitigating factors involved and it is not just one administration that has not addressed the problem.
It has been going on for decades.
Your attempt to falsely attack and make the problem a 4 yrs situation is factually WRONG!
Facts are facts …. Home prices were astonishingly less under the Donald Trump administration.
It’s already been brought up that Republicans even Trump could’ve done better to prevent the printing of trillions of dollars during the unnecessary lockdowns. Before the controversial coronavirus, nobody can deny that the economy was much much better for the American middle-class. Gas prices were low, grocery prices were low, the American dream was much more accessible for the working man
American people and speak their mind. You’ve been served with plenty of articles showing working class American people citing a lack of income as one of the biggest problems they face in our current time…. That is something that could be in some capacity put on the president.
The question that has been put to everyone is do they think regardless of who is elected in 2024 will the economy get better for the working class or not.
The market drove prices not any President.Facts are facts …. Home prices were astonishingly less under the Donald Trump administration.
It’s already been brought up that Republicans even Trump could’ve done better to prevent the printing of trillions of dollars during the unnecessary lockdowns. Before the controversial coronavirus, nobody can deny that the economy was much much better for the American middle-class. Gas prices were low, grocery prices were low, the American dream was much more accessible for the working man
American people and speak their mind. You’ve been served with plenty of articles showing working class American people citing a lack of income as one of the biggest problems they face in our current time…. That is something that could be in some capacity put on the president.
The question that has been put to everyone is do they think regardless of who is elected in 2024 will the economy get better for the working class or not.
Nope the economy and inflation just might get worse if Trump wins and he imposes all the tariffs he wants too. We all pay for higher tariffs the companies that pay them will just pass them along to consumer's.Facts are facts …. Home prices were astonishingly less under the Donald Trump administration.
It’s already been brought up that Republicans even Trump could’ve done better to prevent the printing of trillions of dollars during the unnecessary lockdowns. Before the controversial coronavirus, nobody can deny that the economy was much much better for the American middle-class. Gas prices were low, grocery prices were low, the American dream was much more accessible for the working man
American people and speak their mind. You’ve been served with plenty of articles showing working class American people citing a lack of income as one of the biggest problems they face in our current time…. That is something that could be in some capacity put on the president.
The question that has been put to everyone is do they think regardless of who is elected in 2024 will the economy get better for the working class or not.
I'm not expecting miracles when Trump gets elected....Nope the economy and inflation just might get worse if Trump wins and he imposes all the tariffs he wants too. We all pay for higher tariffs the companies that pay them will just pass them along to consumer's.
Nope their won't be much change if trump is elected and if he wants to impose all the tariffs and raising the ones currently inforce he talks about then you can kiss this dream of lowering inflation goodbye. The consumer's will pay every dime.I'm not expecting miracles when Trump gets elected....
Even though polls currently make it look like a Red Wave taking over Congress as well.
Because the problems are widespread and at epidemic levels for corruption. From Farm Credit to DOJ, FBI, CIA, DoAG, USDA, FEMA, NIH, FDA, Energy, Commerce, and of course the IRS. Treasury, SEC, and Fed Reserve....more crapola too. Haven't seen ONE department doing as it's supposed to.
First off, inflation will seem higher as the dollar gets weaker because imported goods get more expensive.Nope their won't be much change if trump is elected and if he wants to impose all the tariffs and raising the ones currently inforce he talks about then you can kiss this dream of lowering inflation goodbye. The consumer's will pay every dime.
I see your point, but when we start creating jobs and our worker's demand $30 + an hour I hope you're not saying the cost of products will go down, they won't the more you pay people.First off, inflation will seem higher as the dollar gets weaker because imported goods get more expensive.
BUT
We will begin exporting more goods again...which creates jobs...which stimulates the economy. The imports will shrink.
The national debt shrinks because the high inflation and high interest rates evaporate and because of inflation the debt is more manageable. (So long as we keep spending in check)
This is what R. Reagan did to the economy....except as the tax revenue skyrocketed Tip O'Neal increased taxes and congress spent every penny (and then some) like only a drunken sailor can.
That's my prediction anyway.
Well....that's just it. Wages will increase too...prices never drop. The biggest losers are those on fixed incomes because those incomes will NOT keep pace. So we are going to have the Baby Boomers having "the dog days of retirement" where they can only afford to eat dog food instead of real food.I see your point, but when we start creating jobs and our worker's demand $30 + an hour I hope you're not saying the cost of products will go down, they won't the more you pay people.
So as a socialist, what do you propose?mortgages have doubled to the highest level in history & double the cost to rent,"
It’s truly astonishing and shocking. Right now in this country, there is a working class family living in a tiny apartment or even in their parents basement trying to figure things out wondering if they will ever accomplish the American dream. There are millions of examples of this occurring all throughout the country.
Will America ever have another age of prosperity like we did for decades after World War II? or will it continue to get worse..or are the current high prices the status quo for years to come ? That’s really the big question here….. for the middle class will we have a status quo that we currently have for years to come, will things get worse soon or will they get better sooner than later? What folks think about that?
Grant Cardone Exposes Housing Cost Surge Under Biden — 'Mortgages Have Doubled To The Highest Level In History & Double The Cost To Rent'
Real estate investor Grant Cardone highlighted a striking rise in mortgage rates under President Joe Biden's administration in a May 3 post on X. "Under Joe Biden's administration, mortgages have doubled to the highest level in history & double the cost to rent," Cardone posted. "April 2020...
Imagine what it’s like to be a working class person in this country and to hear a democrat brag about the equity of their house going up in value. Which by the way means nothing when that person wants to sell their home and buy a new home at a jacked up price With a higher interest rate. It reminds us of the neo conservatives bragging about how American soldiers don’t have to die in the Russian war in Ukraine, as if the Ukrainian lives mean nothing. It really has to be a form of evil. What else is there to say what other words are there to use?
The cost of living is the most important thing in a country. That’s what separates for example countries with extreme levels of poverty to what people generally believe is the case in the western countries. It’s what separates the so-called third world from the first world. And there are by the way countries in the east they have extraordinary wealth and prosperity like Singapore, Saudi Arabia, the United Arab Emirates etc
"Under Joe Biden's administration, mortgages have doubled to the highest level in history & double the cost to rent," Cardone posted. "April 2020: $1,480. April 2024: $2,890 (record high). Will you buy a house this year?"
Biden supporters, the multi millionaire celebrities, and the Hollywood left will continue to support Joe Biden, and they will continue to make whatever excuse they want for the high price of inflation. But the fact is the bottom line is the work class Americans don’t want to hear what they have to say. they want a better economy. They want to be able to afford the American dream. For many Americans across the country they are in a state of being furious wondering if they will ever have a chance at the American dream. God willing whether it’s a Democrat or a Republican, who is elected in 2024 or 2028 that we do have a better future. Because currently the economy is horrible for working class people.
