Breitbart Business Digest: Homes Are Unaffordable… Unless You’re Homeless in L.A.

,” the regime-funded media outlet reports, “there are signs it could get worse.” They went on to note that “a double whammy of high prices and high mortgage rates” has pushed all but a small subset of Americans out of the market.“n nearly half of metro areas, buyers must make more than $100,000 to afford a median-priced home; in 2021, that was the case in only 11% of markets,” the Harvard Joint Center for Housing Studies found.

It’s nice that NPR decided to blow a whistle and alert their audience of upper-crust Democrat boomers thattoday at Breitbart News, government media couldn’t bring themselves to blame The Big Guy and Bidenomics. This is silly on their part because it’s the most wishful of thinking if they believe that American voters won’t put two and two together.

It was, after all, Joe Biden who ballooned inflation with his excessive spending, open borders, and deliberate undercutting our own energy sector, among other disastrous economic policies.. It should go without saying given that there is no end in sight to high financing costs; it’s a bold move to start a new project right now.

. The “shelter,” a 278 unit-19-story high rise in downtown, includes “a gym, art room, music room, computer room, and library.” If that sounds expensive, that’s because it is. In fact, the $600,000 per unit price tag, all funded by taxpayers, is higher than the median price for a condominium in L.A.where A.I. has replaced 80 percent of the jobs and made a fraction of oligarchs fabulously wealthy while the rest of us live off of their semi-luxurious handouts.

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