Under President Biden's economic policies, commonly referred to as Bidenomics, the American dream of owning a home is becoming increasingly unattainable. Renters express the belief that homeownership is no longer achievable due to soaring mortgage rates, foreclosures, and high income requirements. Various politicians and commentators criticize Biden's handling of the economy, highlighting significant increases in mortgage rates, income requirements, and foreclosure rates. They argue that Bidenomics is negatively impacting the middle class, leading to financial hardships and making the American Dream nearly impossible to achieve.
Since President Biden took office: 📈18% increase in overall prices 📈35% increase in energy prices 📈21% increase in grocery prices Americans can’t afford Bidenomics. https://t.co/Iowj1kt1kX
Foreclosures soaring by 50% or more in several states. This is the real cost of #Bidenomics. Ridiculous! The American people cannot afford four more years of this mess. https://t.co/fTXqLlVD4U
In 2020 Americans needed an average income of $59,000 to afford a home. Today, you need $106,000. That’s $30,000 above the current average household income. Bidenomics has DESTROYED the American Dream in just 4 years. https://t.co/uFp50lQZpU
30-Year Fixed-Rate Mortgage 3% when President Trump left office to 7% now under Joe Biden. Bidenomics has made achieving the American Dream virtuallty unattainable. https://t.co/DO9KKU6rsk
Bidenomics is KILLING the middle class. Hardworking families need 80% MORE INCOME to buy a house than they did under President Trump. https://t.co/YrLuM2eeWm
Bidenomics means you can't cover your mortgage. Foreclosures are going up while home affordability is at its worst. In my home state of South Carolina, foreclosures increased 51%. Joe Biden’s economic policies are failing America. https://t.co/nvl9DXxgZN
Under Biden, the American dream of owning a home is growing increasingly out of reach. This is why Congress must reign in Washington spending. By doing so, we can begin to address soaring inflation and high mortgage rates. https://t.co/wp950hbdlN
Bidenomics: American dream of owning a home is dead, majority of renters say https://t.co/Km3soo4jrS https://t.co/mkuIl0vks7