By many metrics, the US economy is humming along. The jobs market is robust; consumers are spending again; and inflation has eased to a three-year low.
You still need a place to live. Tell me, what happens when the cost of buying property goes up, if you’re a renter? Where does the extra money you have go spend on housing come from?
I guess I wouldn’t care as much if I were a rich politician either.
Tell me, what happens when the cost of buying property goes up, if you’re a renter?
Depends on supply and demand for rentals. Right now, supply is up and rents are going down. In which case, if costs are up then landlords eat the loss.
Increasing real wages is always better than decreasing real wages. Which is what was happening before Biden.
Yeah, if only people looked at the statistics and ignored the rumbling in their stomachs. Public policy folks have it so hard.
For most people, the rumbling was even worse before Biden. That’s the part you try so hard to ignore.
I’m not doubting the statistics show that.
But people’s stomachs are still rumbling, and they’re not going to be silenced by statistics.
No, but the only way to silence them is to do more of what Biden has already done.
Allow the housing interest rate to more than double? I don’t need any more of that thanks.
You don’t need a mortgage to silence a rumbling stomach.
You still need a place to live. Tell me, what happens when the cost of buying property goes up, if you’re a renter? Where does the extra money you have go spend on housing come from?
I guess I wouldn’t care as much if I were a rich politician either.
Depends on supply and demand for rentals. Right now, supply is up and rents are going down. In which case, if costs are up then landlords eat the loss.