[tomder55]

Multiple Listing Service (MLS) is where most homes for sale are listed . The chief economist for the MLS ;Lisa Sturtevant, Bright ,reported this week that the upward pressure on home prices is making this the most unaffordable housing market in history,”

Mortgage Rates | Bright MLS

Let that sink in. The Great Depression ;the great recession have nothing on today's market .

“First-time and moderate-income home buyers, in particular, increasingly are being left out of the housing market.”

According to the House Ways and Means Committee ;since January 2021 (since Joe and Kam were sworn in ) mortgages have increased by a staggering $970 per month .That is an increase of 85% .

Chairman Smith: The Biden-Harris Administration Has Made Cost-of-Living Too Expensive – Ways and Means (house.gov)

When Trump left office mortgage rates were 3% . By November 2023 they had ballooned to 8 % (they have since dropped to about 6.5 %)

Why this inflation ? Because Kam the Sham cast the deciding vote on the 'Inflation Reduction Act' that flooded the economy with $2 trillion inflationary monopoly bucks.

At the time ;Democrat economist begged them to put the brakes on "stimulus "pump priming .

Larry Summers sends stark inflation warning to Joe Biden | CNN Business

But Joe and Kam (daughter of Marxist economist professor Donald J Harris ) knew better.

You see ;if you allow prices for homes and food to get out of reach to the middle class then you can use draconian government controls on prices and thus control the masses .

That's what DJ Harris did when he was a consultant for the Jamaican government's economy ;and that is what Kam plans for us.

I will tell you first and foremost one of my highest priorities is to do what we can to support and strengthen the middle class. When I look at the aspirations, the goals, the ambitions of the American people, I think that people are ready for a new way forward in a way that generations of Americans have been fueled by — by hope and by optimism.

Don't forget joy,joy,joy.

Day one, it’s gonna be about one, implementing my plan for what I call an opportunity economy. I’ve already laid out a number of proposals in that regard, which include what we’re gonna do to bring down the cost of everyday goods......There’s the work that we’re gonna do that is about investing in the American family around affordable housing, a big issue in our country right now.
READ: Full transcript of Harris and Walz’s exclusive joint interview with CNN | CNN Politics

Kam the Sham unburdened by the past

Democrat Rep. Jim Clyburn Admits Democrats "KNEW" Inflation Would Result From Their Big Spending (youtube.com)

Inflation was the desired outcome of their policies