US Inflation Rate is at 3.36%, compared to 3.48% last month and 4.93% last year. This is higher than the long term average of 3.28%. The US Inflation Rate is the percentage in which a chosen basket of goods and services purchased in the US increases in price over a year.
One of the aspects of ever increasing wealth inequality is the buying up of housing by businesses, who become absentee landlords — whose only goal is to maximize profits.
How are profits maximized? Just like every other business, by raising prices as much as the market will bear, while cutting expenses, such as maintenance.
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Of course, all MAGAts know there is no such thing as increasing or increased wealth inequality and the inflated cost of housing is due solely to ’Biden’s policies’, whatever they are.
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In the post war era, up until the 80s, people who worked in grocery stores could buy houses within a few miles of where they worked. It is a total, total mystery what changed since then.
Democrats choose not to pay attention to Joe Biden’s bad polices, and they choose not to pay attention that Joe Biden’s bad policies are lethal for America and create financial misery for American Workers.
It’s not the house you can’t afford, it’s all the other nonsense that goes with it.
When we first contracted to build the house the construction company told us $xxx,xxx at $xxx per month. Cool, we can handle that.
Then the bank got $xxx for financing.
Then $xxx for home owners insurance.
Then $xxx for property tax.
And then $xxx for upkeep.
The monthly cost of the home quickly doubled from what we expected it to be. We knew it would go up, but not THAT much! The first year in our home was really difficult.
I guess my advice to potential new home owners would be, “Make sure you understand ALL the costs and can handle them.”
Maybe inflation is why the right-wing Republicans keep voting down the Boarder Bill. They’re waiting for it to come down so it’ll be cheaper to build the wall/fence that will keep nobody out except the migrating animals.
Very few people whine about their real property increasing in value. Current inflation is a global problem due to too low interest rates coming out of the 2008 recession and money doled out to everyone during covid. Trump pressed to keep interest rates low and liked signing those covid checks. I’ve lived through much higher interest rates and rates of inflation. This too shall pass. Prefer this to depression.
Radish the wordsmith about 1 month ago
Is inflation high right now?
US Inflation Rate is at 3.36%, compared to 3.48% last month and 4.93% last year. This is higher than the long term average of 3.28%. The US Inflation Rate is the percentage in which a chosen basket of goods and services purchased in the US increases in price over a year.
braindead Premium Member about 1 month ago
One of the aspects of ever increasing wealth inequality is the buying up of housing by businesses, who become absentee landlords — whose only goal is to maximize profits.
How are profits maximized? Just like every other business, by raising prices as much as the market will bear, while cutting expenses, such as maintenance.
.
Of course, all MAGAts know there is no such thing as increasing or increased wealth inequality and the inflated cost of housing is due solely to ’Biden’s policies’, whatever they are.
.
In the post war era, up until the 80s, people who worked in grocery stores could buy houses within a few miles of where they worked. It is a total, total mystery what changed since then.
Sun about 1 month ago
Democrats choose not to pay attention to Joe Biden’s bad polices, and they choose not to pay attention that Joe Biden’s bad policies are lethal for America and create financial misery for American Workers.
Durak Premium Member about 1 month ago
It’s not the house you can’t afford, it’s all the other nonsense that goes with it.
When we first contracted to build the house the construction company told us $xxx,xxx at $xxx per month. Cool, we can handle that.
Then the bank got $xxx for financing.
Then $xxx for home owners insurance.
Then $xxx for property tax.
And then $xxx for upkeep.
The monthly cost of the home quickly doubled from what we expected it to be. We knew it would go up, but not THAT much! The first year in our home was really difficult.
I guess my advice to potential new home owners would be, “Make sure you understand ALL the costs and can handle them.”
ctolson about 1 month ago
Maybe inflation is why the right-wing Republicans keep voting down the Boarder Bill. They’re waiting for it to come down so it’ll be cheaper to build the wall/fence that will keep nobody out except the migrating animals.
Havel about 1 month ago
Am I missing something? If it is his house it has more value and therefore he is richer. Isn’t that the American dream?
emery3093 Premium Member about 1 month ago
Very few people whine about their real property increasing in value. Current inflation is a global problem due to too low interest rates coming out of the 2008 recession and money doled out to everyone during covid. Trump pressed to keep interest rates low and liked signing those covid checks. I’ve lived through much higher interest rates and rates of inflation. This too shall pass. Prefer this to depression.
RobinHood about 1 month ago
Better Check and see where that balloon was manufactured.
fourteenpeeves about 1 month ago
They can see Donald Trump fleeing the country from there