Shore News Network on Nostr: Americans Skipping Meals To Afford Housing Under Biden: POLL ========== A survey ...
Americans Skipping Meals To Afford Housing Under Biden: POLL
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A survey conducted by Redfin found that nearly one in five homeowners and renters are skipping meals to afford housing in President Joe Biden's economy. The median asking rental price has increased from less than $1,700 to nearly $2,000 since Biden took office. Rent prices are relatively stable compared to the past two years, but still higher than pre-pandemic levels. Americans are also working more hours, selling belongings, dipping into retirement savings, and putting off medical care to afford housing payments. The median household now earns $30,000 less than what is needed to afford the median home in the United States. The median home price is $417,700, with some states like California being even more expensive. The Biden administration has implemented an action plan to increase the supply of housing and reduce rent burdens, but the number of new homes being built has declined. There are concerns that Biden's spending may increase inflation and further raise the cost of living. As of April 6, 57.8% of Americans disapprove of Biden's handling of the economy. The White House did not respond to requests for comment.
#Housing #Renters #Homeowners #Affordability #JoeBiden #Survey #Redfin
https://www.shorenewsnetwork.com/2024/04/07/americans-skipping-meals-to-afford-housing-under-biden-poll/
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A survey conducted by Redfin found that nearly one in five homeowners and renters are skipping meals to afford housing in President Joe Biden's economy. The median asking rental price has increased from less than $1,700 to nearly $2,000 since Biden took office. Rent prices are relatively stable compared to the past two years, but still higher than pre-pandemic levels. Americans are also working more hours, selling belongings, dipping into retirement savings, and putting off medical care to afford housing payments. The median household now earns $30,000 less than what is needed to afford the median home in the United States. The median home price is $417,700, with some states like California being even more expensive. The Biden administration has implemented an action plan to increase the supply of housing and reduce rent burdens, but the number of new homes being built has declined. There are concerns that Biden's spending may increase inflation and further raise the cost of living. As of April 6, 57.8% of Americans disapprove of Biden's handling of the economy. The White House did not respond to requests for comment.
#Housing #Renters #Homeowners #Affordability #JoeBiden #Survey #Redfin
https://www.shorenewsnetwork.com/2024/04/07/americans-skipping-meals-to-afford-housing-under-biden-poll/