"Americans Making Sacrifices to Afford Housing Under Biden: Study"

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Source: Daily Caller
"Americans Making Sacrifices to Afford Housing Under Biden: Study"
Photo: Daily Caller
TL;DR Summary

A survey by Redfin revealed that under President Joe Biden, nearly one in five homeowners and renters are skipping meals to afford housing, with many making sacrifices such as working more hours, selling belongings, dipping into retirement savings, and delaying medical care. The median asking rental price has increased significantly since Biden took office, and the median household income falls short of what is needed to afford the median home in the United States. The Biden administration's efforts to increase housing supply and reduce rent burden face challenges such as high interest rates, a shortage of construction workers, and concerns about inflation. Disapproval of Biden's handling of the economy is high, with many Americans recalling a better economy under former President Donald Trump.

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