Bidenomics! Joe Will Make Homes More Expensive By Using YOUR Money To Pay Your Neighbor's Mortgage

President Biden loves to spend your money, usually under the guise of making things more 'affordable' (how'd that work out for health care, college tuition, or -- well -- anything the government gets involved in?). So now -- amid record inflation, soaring grocery and gas prices, and shrinking family budgets -- Biden has decided you're not paying enough for your house or rent. So he's going to take your tax dollars, give $10,000 to your neighbor, and call it 'mortgage relief'. The prices of home will increase accordingly. -- The White House @WhiteHouse: “President Biden is calling on Congress to give middle-class first-time homebuyers a $10,000 tax credit to help lower their monthly mortgage costs.”

According to Business Insider, the average 30-year fixed mortgage payment is $2,883 and the median mortgage payment is $1,775 (as of 2022). So $10,000 to offset what is an annual mortgage cost of $21,300 to $34,569 is a drop in the bucket. Especially when you remember the price of homes would go up by at least $10,000. Buying votes. When a home costs $500k, $10k isn't going to matter. Much like releasing one million barrels of oil is a drop in the bucket. President Biden is calling on starter homes to cost $10,000 more. And for rents to increase. Thereby pricing lower-income Americans out of the housing market.

Heritage Foundation @Heritage: “The Biden administration has transformed homeownership into a luxury outside the reach of the middle class.” @KevinRobertsTX and @RealEJAntoni — This post CONFIRMS that you know it’s just as bad as Dr. Roberts and Dr. Antoni say it is.” -- Homeownership is now a luxury. Wowza. Why is this necessary? I was told the economy is booming. They also told us wages are up, outpacing inflation, and Americans are wealthier than ever. Guess not.

MSN: Commentary: Biden's housing headache
https://www.msn.com/en-us/news/opinion/commentary-biden-s-housing-headache/ar-BB1njrBl
Business Insider: Average mortgage payment by state, city, and year
https://www.businessinsider.com/personal-finance/average-mortgage-payment
Twitchy: Political Ploy: Biden Plans to Buy Votes by Releasing MORE Oil From the Strategic Reserve
https://twitchy.com/amy-curtis/2024/05/29/biden-releases-more-oil-from-strategic-reserves-n2396715
Twitchy: Media Malpractice: The Hill Can't Fathom Why People Who Buy Food, Gas Think We're in a Recession
https://twitchy.com/amy-curtis/2024/05/29/the-hill-asks-why-people-think-were-in-a-recession-n2396729
• More at: Twitchy - Bidenomics, Baby! Joe Will Make Homes More Expensive by Using YOUR Money to Pay Your Neighbor's Mortgage
https://twitchy.com/amy-curtis/2024/05/31/biden-wants-to-make-homes-more-expensive-to-offset-mortgage-costs-n2396800