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PBD Podcast

LIVE from TPUSA's "America Fest 2023" w/ @RealCharlieKirk | PBD Podcast | Ep. 340

Dec 18, 2023
01:23:45

Podcast summary created with Snipd AI

Quick takeaways

  • Monthly mortgage payments on new homes have surged by 90% under Biden's presidency, making buying a home less affordable for middle-income families.
  • LeBron James not standing for the national anthem sparks controversy and criticism, raising concerns about ingratitude and appreciation among successful individuals.

Deep dives

Mortgage Payments on New Homes Have Risen 90% under Biden's Presidency

Average monthly mortgage payments on new homes have surged by 90% since the start of Biden's presidency, reaching $3,322 in the third quarter of this year. This increase is driven by rising interest rates exceeding 7% and escalating housing prices. The Federal Reserve's strategy of aggressively raising rates has contributed to this surge. As a result, it has become significantly cheaper to rent rather than buy, with 47 out of the top 50 metros in America showing that it is financially cheaper to rent. This, coupled with soaring mortgage rates, makes buying a home less affordable, especially for middle-income families.

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