Biden’s ShamWow Economy! Real Home Price To Real Median Earnings Not As Bad As 2006’s Housing Bubble (Home Prices UP 32% Under Biden While Mortgage Rates UP 155%)

by
Sharing is Caring!

by confoundedinterest17

You know Bidenomics isn’t working at all when the best I can say about it is … the current housing bubble isn’t as bad as the house price bubble of 2006. We are truly in Biden’s ShamWow economy!

Yes, if I look at real home prices less real median earnings we can see that the ratio, while terrible, is still not as bad as the housing bubble of 2006.

See also  Thomas Massie introduces bill to stop Biden from forgiving $5 billion loan to Ukraine.

If I look at Case-Shiller National home price index less REAL median earnings, it is now far worse than in 2006.

See also  Real estate institution allocations to fall further... Biggest price cuts on Zillow - right now

But home prices are still up 32% under Biden

While the 30-year conforming mortgage rate is up 155% under Vacation Joe.

It should be GREEN ShamWow!. The money seems to be disappearing into the pockets of green energy donors, and Ukraine.

 


Views: 110

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.