Brace yourselves for the economic storm! The heartland of America is trembling as the median mortgage payment skyrockets to an unprecedented $2,894 per month, shattering all previous records. But the nightmare doesn’t end there. In the wake of Bidenomics, renters and prospective homeowners are being mercilessly squeezed, with only those fortunate enough to have secured low-interest mortgages in the past finding refuge from the financial tempest.
- Median mortgage payment in the USA reaches a staggering $2,894 per month, setting a new record.
- Those with previously secured low-interest mortgages find relief while renters and new buyers face financial strain.
- Bidenomics exacerbates housing affordability crisis, further widening the gap between homeowners and renters.
The median mortgage payment in the USA reached $2,894 per month May 2024. That is a new record.
The only people with affordable housing are those who have owned their homes locked in a cheap rate below 4% a few years ago (or no mortgage at all).
Renters and people buying now… pic.twitter.com/bJ1GEcjIUy
— Wall Street Mav (@WallStreetMav) May 13, 2024
House 🏠 buying conditions pic.twitter.com/15So7utbZW
— Win Smart, CFA (@WinfieldSmart) May 13, 2024