What's sad Anti is you believe that and not Bidenomics. It's not that my house went from being worth $250 k to $400 k it's my money is worth that much less.
I disagree. I think that what's sad is that you ignore the facts and focus on what you wish to be true.
Hey antZtok, coulda YOU tell us more about your feelings regarding this lie?Trump's "more than two-year pause in legal immigration"
You're accusing the Fed of lying? What's your source?
Anti, are you telling us that having less people competing for houses will make the price go up?
I'm not saying anything, I just quoted the Fed. They blamed the increase in housing prices on the international tariffs that increased the cost of materials, the lack of legal immigration which caused an increase in labor costs and shortage of laborers, and in increase in demand for new construction with a decrease in supply.
For those that can't... or won't... click the link...
The federal government applies tariffs on everything from Chinese-made televisions to Canadian lumber, spiking prices. A more than two-year pause in legal immigration has contributed to labor shortages - we have about 2 ½ million fewer workers than we would have had, had we remained on trend.
And housing costs are up - though moderating slightly in recent months - not just because of pricier materials and labor, but also because we are not building enough houses to keep up with demand. This is often a result of local government policies, like restrictive zoning, that stymie construction.
All of these supply constraints have been accompanied by extraordinarily robust demand. For one, our labor market remains hot. That means Americans are earning paychecks, even if their relative value is declining because of inflation. Employment in manufacturing, financial services, and other industries has long since recovered from the pandemic-induced recession, and now pent-up demand within the leisure and hospitality industry is driving employment growth as well.
https://www.philadelphiafed...mmerce.pdf
