This is the biggest one to me.
A modest home in safe neighborhood in 2010, which I'm equivalating to the median sell price of a new house, was $221,000.
That same home in the same neighborhood in 2023, which again I'm equivalating to the median sell price of a new house, was $417,000.
And in that time, the value of the dollar has decreased, nobodies adjusted income value has increased, and the price of every other good and service has increased, too.
I don't give a damn what percentage inflation is. It could be 0%, but all that means is that temporarily the price of everyday items has stopped growing relative to your income, and that someday, its going to continue to move apart again.
It's ironic how most of Biden's support is coming from young college students who don't realize how f***ed they are when it's time to settle down and buy a home.
