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Nearly two in five (38%) U.S. renters don’t believe they’ll ever own a home, up from roughly one-quarter (27%) less than a year ago.

Bidenomics 101: the American dream of owning a home has become the American nightmare for almost half the US population.

As housing specialist Redfin reports, rising home prices and mortgage rates “are making it harder to believe in the American dream of homeownership. Lack of affordability is the most commonly cited reason renters don’t believe they’ll ever own a home.“

The details are dire: Nearly two in five (38%) U.S. renters don’t believe they’ll ever own a home, up from roughly one-quarter (27%) less than a year ago. 

This is according to a Redfin-commissioned survey of roughly 3,000 U.S. residents conducted by Qualtrics in February 2024. This report focuses on the 1,000 respondents who indicated they are renters. The relevant questions were: “Do you believe that you will ever own your own home in the future?” and “Which of the following are reasons you aren’t likely to purchase a home in the near future?” The 27% comparison is from a Redfin survey conducted in May and June 2023. 

Lack of affordability is the prevailing reason renters believe they’re unlikely to become homeowners. Nearly half (44%) of renters who don’t believe they’ll buy a home in the near future said it’s because available homes are too expensive. The next most common obstacles: Ability to save for a down payment (35%), ability to afford mortgage payments (33%) and high mortgage rates (32%). Roughly one in eight (14%) simply aren’t interested in owning a home. 

Buying a home has become increasingly out of reach for many Americans due to the one-two punch of high home prices and high mortgage rates. First-time homebuyers must earn roughly $76,000 to afford the typical U.S. starter home, up 8% from a year ago and up nearly 100% from before the pandemic, according to a recent Redfin analysis. Home prices have skyrocketed more than 40% since 2019, due to the pandemic homebuying frenzy and a shortage of homes for sale. And the current average 30-year fixed mortgage rate is 6.82%. While that’s below the 23-year-high of nearly 8% hit in October, it’s still more than double the record low rates dropped to in 2020. 

Home prices have risen 7% in the last year alone, and monthly mortgage payments have risen more than 10%, which helps explain why renters today are more likely than they were last year to say they don’t see themselves owning a home anytime soon. 

Many renters can’t fathom homeownership because they’re already struggling to afford their monthly housing costs. Nearly one-quarter (24%) of renters say they regularly struggle to afford their housing payments, and an additional 45% say they sometimes struggle to do so.

Rents have soared over the last few years because so many people moved during the pandemic, upping demand for rentals. The median U.S. asking rent is roughly $2,000, near the record high hit in 2022–but the good news for renters is that prices aren’t growing nearly as fast as they were during the pandemic, partly because an influx of apartment supply is taking some of the heat off prices. 

“Housing costs are high across the board, but renting is a more affordable and realistic option for many Americans right now–especially those who have never owned a home and aren’t able to tap into equity from a previous sale,” said Redfin Chief Economist Daryl Fairweather. “While owning a home is usually a sound longterm investment, the barriers to entry and upfront costs of buying are higher than renting. Buying typically requires a sizable down payment and approval for a mortgage–things that are difficult for many people today, when the typical down payment is near $60,000 and mortgage payments are sky-high. The sheer expense of purchasing a home is causing the American Dream of homeownership to lose some of its shine.” 

Gen Z renters are most likely to believe they’ll own a home

Broken down by generation, Gen Z renters are by far the most likely to believe they will become homeowners (maybe it’s because they are also the dumbest). Just 8% of Gen Z renters believe they’ll never own a home, compared to 22% of millennials, 40% of Gen Xers and 81% of baby boomers.

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A North Carolina appeals court has controversially upheld a ruling involving a 14-year-old boy who was forcibly vaccinated against his will and without the knowledge or consent of his parents. The court ruled unanimously that […]

The post Appeals Court Rules Children Can Be Force Jabbed Under ‘PREP Act’ Without Parental Consent appeared first on The People’s Voice.

Meet Biden’s new handler!

The Biden White House recruited socialist Rep. Alexandria Ocasio-Cortez (D-N.Y.) to campaign with the 81-year-old puppet president in Virginia, where the two were seen holding hands and chumming it up in the woods.

Socialist Sen. Bernie Sanders (I-Vt.) and Sen. Ed Markey (D-Mass.) also joined Biden and AOC for an Earth Day commemoration on Monday at the Prince William Forest Park in Triangle.

“This president is overseeing the single biggest federal investment in tackling the climate crisis in our nation’s history,” Ocasio-Cortez said ahead of Biden’s remarks.

AOC: I want to thank President Biden for taking swift and bold executive action to protect the planet by launching The American Climate Corps and also for investing billions in clean resilient energy. It is no accident that this President is overseeing the single biggest federal… pic.twitter.com/GtXXbpqDSC

— Acyn (@Acyn) April 22, 2024

“You know, I learned a long time ago to listen to that lady,” Biden said of AOC, the author of the progressive climate wish list known as the Green New Deal.

While speaking at Biden’s Earth Day event just now, AOC praised the pro Hamas protests at Columbia and Yale

Biden then opened his speech by saying “I learned a long time ago to listen to that lady.” pic.twitter.com/j2IUiyXXjR

— Greg Price (@greg_price11) April 22, 2024

Biden unveiled $7 billion in new grants for solar projects and urged young people to sign up for the American Climate Corps, a new program aimed at training enrollees for work in green energy jobs.

“Today’s announcement builds upon an unprecedented historic action we’ve already taken to tackle the climate crisis, to live environmental justice, and build a clean energy future,” he said.

Following their speeches, AOC and Biden were seen strolling through the park holding hands in a bizarre political display of comradery.

Introducing Biden’s newest handler — Alexandria Ocasio-Cortez pic.twitter.com/qkqqrYq4xx

— RNC Research (@RNCResearch) April 22, 2024

What’s going on here? pic.twitter.com/hQHxny5rF0

— Karli Bonne’ ?? (@KarluskaP) April 22, 2024

Historic indeed! pic.twitter.com/oRNdENEhOj

— Brick Suit (@Brick_Suit) April 22, 2024

Young Americans know that the climate crisis is the existential threat of our time.

They deserve leaders who believe them.

We’re not going to let them down. pic.twitter.com/bBSUYgiuEC

— President Biden (@POTUS) April 22, 2024

AOC, Sanders and Markey joined Biden in Marine One to head back to the White House after the event.

Biden — flanked by AOC, Bernie Sanders, and Ed Markey — takes no questions as he slowly shuffles back inside the White House.

SO. MUCH. VIGOR! pic.twitter.com/1Z2aGu8Sa1

— RNC Research (@RNCResearch) April 22, 2024

Watch the full event:

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Follow Jamie White on X | Truth | Gab | Gettr | Minds

Burglary suspect faces $100,000 bail, as activists highlight Bass has previously supported bail reform.

Social media users are crying foul after an intruder who broke into the home of Democrat Los Angeles Mayor Karen Bass is set to face the full weight of the law, while burglars of other residences are treated more leniently.

This is the second break-in at Bass’s residence in as many years, and she and her family were home at the time of the attempted burglary.

ABC7.com has more on the incident that occurred Sunday morning, and how the suspect will be held on a whopping $100,000 bail, while Bass herself has supported the unsuccessful Democrat policy of bail reform:

LAPD officials say the intruder broke in through a glass door. LAPD officers responded and quickly took the suspect into custody without incident.

Sunday evening, LAPD identified the suspect as Ephraim Matthew Hunter, 29, of Los Angeles. He was booked for burglary. Records indicated he was being held on $100,000 bail.

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Bass was home when the male intruder broke in, law enforcement officials told ABC News. An alarm was activated at the home and a large LAPD presence responded, including air support and the mayor’s security detail. The suspect was arrested within minutes of the call.

Activist Kevin Dalton, a former California resident, highlighted the disparity in charges for the Bass burglary suspect and perpetrators of similar crimes elsewhere in the city, labeling it “special treatment.”

Dalton later joined Fox News to discuss the burglary, captioning an X post highlighting his appearance, “Next time you are the victim of a property crime in Los Angeles, be sure to let the 911 operator know you identify as Karen Bass and you would like the same special treatment she gets.”

As pointed out by prominent X user @EndWokeness, Bass has repeatedly pushed for bail reform, but that seems to go out the window if she’s the victim.

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Flashback (Dec. 2019) — Dem Rep Declares Plan Based On Lies To Impeach Trump Again In 2020

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Legendary comedian making a living off slamming libtards

Comedian and actress Roseanne Barr posted a video on social media Monday, mocking Donald Trump rape accuser E. Jean Carroll’s story about her alleged encounter with the 45th President.

Barr stood in a Bergdorf Goodman department store, the same place where Carroll says Trump molested her, and claimed she just remembered a flashback memory.

“Right now I realized that twenty-six years ago, Joe Biden raped me right here in that dressing room in the shoe department where I went in to change my shoes,” the comedian said. “He raped me in here, Joe Biden. He raped me right here in the shoe department of Bergdorf Goodman.”

“Are you okay?” asked Barr’s son, who was filming.

She answered, “No, I’m not. I need to sue. I need to sue.”

Several leftists flocked to X to complain about the joke video, with some even calling for Barr to be sued over the post.

“Mocking E. Jean Carroll, whom a court found was actually sexually assaulted by Donald Trump and joking about rape isn’t a good look at all in my opinion,” wrote Brian Krassenstein.

Actor Billy Baldwin suggested Barr be sued, and attorney Viva Frei asked, “Sue her for what exactly? Please, elaborate you raging fascist Billy Baldwin.”

See more haters whining below:

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The house of Los Angeles Mayor Karen Bass, who campaigned on the platform of releasing half the prison population, was just burglarized for the second time in the last two years. The descent of the […]

The post LA Mayor, Who Campaigned To Release 50% of Prisoners, Experiences Second Burglary In 3 Years appeared first on The People’s Voice.