{"id":2040143,"date":"2023-09-21T14:40:02","date_gmt":"2023-09-21T18:40:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/watch-kamala-says-young-people-arent-buying-homes-due-to-climate-anxiety-doesnt-mention-7-interest-rate\/"},"modified":"2023-09-21T14:45:03","modified_gmt":"2023-09-21T18:45:03","slug":"watch-kamala-says-young-people-arent-buying-homes-due-to-climate-anxiety-doesnt-mention-7-interest-rate","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/watch-kamala-says-young-people-arent-buying-homes-due-to-climate-anxiety-doesnt-mention-7-interest-rate\/","title":{"rendered":"WATCH: Kamala blames &#8216;climate anxiety&#8217; for young people not buying homes, ignores 7% interest rate."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fwatch-kamala-says-young-people-arent-buying-homes-due-to-climate-anxiety-doesnt-mention-7-interest-rate%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2040143&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Vice President Kamala Harris Blames &#8220;Climate \u200cAnxiety&#8221; for Young People Not Buying Homes<\/h2>\n<div>\n<blockquote>\n<p>&#8220;Young leaders&#8221; suffer from &#8220;climate anxiety,&#8221;\u200b which \u200bis &#8220;their fear about \u2026 whether they should have\u2063 children, whether they \u200bshould\u200b ever think \u2063about buying a home for fear that\u200c it might be wiped out because of extreme weather\u2064 occurrences,&#8221; Harris said in a Wednesday interview with an Allentown, Pa.,\u200d news station.<\/p>\n<\/blockquote>\n<p>In a recent\u200d interview, Vice President\u200b Kamala Harris attributed the \u2064reluctance of young people to buy\u2064 homes to what she called\u200b &#8220;climate anxiety.&#8221; She explained that this term refers to their concerns about the impact of climate\u2062 change on \u200ctheir \u2064future, including whether it is wise to have children or invest\u200b in \u2062a home that could be destroyed by <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-doubling-spending-to-prepare-for-hurricanes-storms\/\" title=\"Biden Doubling Spending to Prepare for Hurricanes, Storms\">extreme weather events<\/a>.<\/p>\n<h3>High\u200c Interest Rates \u2062and\u2064 Inflation Under the Biden Administration<\/h3>\n<p>While\u200b U.S. home \u2062sales <a href=\"https:\/\/markets.businessinsider.com\/news\/commodities\/housing-market-inventory-home-sales-supply-demand-mortgage-rates-nar-2023-7\" target=\"_blank\" rel=\"noopener\">dropped<\/a> \u200bin June to \u2062a 14-year \u200blow, and children are reportedly experiencing increasing <a href=\"https:\/\/www.cbsnews.com\/news\/climate-change-anxiety\/\" target=\"_blank\" rel=\"noopener\">anxiety<\/a> about climate change, various sources <a href=\"https:\/\/www.cnbc.com\/2022\/06\/12\/millennials-and-gen-zers-want-to-buy-homes-but-they-cant-afford-it.html\" target=\"_blank\" rel=\"noopener\">have<\/a> <a href=\"https:\/\/www.nytimes.com\/interactive\/2023\/08\/10\/realestate\/gen-z-rent-homeowner.html\" target=\"_blank\" rel=\"noopener\">reported<\/a> that young people still aspire to own homes.<\/p>\n<p>However, the main obstacles they face are <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-last-time-inflation-was-this-high\/\" title=\"The Last Time Inflation Was This High\">sky-high interest rates<\/a> and inflation, \u2062which have surged \u2062under \u200cthe administration of President\u2064 Joe Biden and\u2064 Vice\u2063 President Kamala Harris. Last month, mortgage rates\u200b reached an all-time high, \u2063with the interest rate on a 30-year fixed-rate home loan skyrocketing\u200b to 7.09 percent, as reported by NPR.<\/p>\n<p>&#8220;A lot of buyers have \u2063been priced out,&#8221; \u2063explained Robert Dietz, the chief\u200c economist of the National Association of\u2064 Home Builders,\u2062 in an interview with NPR. &#8220;If you don&#8217;t have \u2062access\u200b to the \u2063bank\u2062 of mom and dad to get\u200d that down payment, it&#8217;s very \u200bchallenging.&#8221;<\/p>\n<h3>Rising Home\u2064 Prices and Decreased Mortgage Applications<\/h3>\n<p>Furthermore, home prices are\u2062 approaching\u2062 record\u2062 highs, as reported by <em>Insider<\/em> in August.\u200d These\u200c factors have contributed to a significant decline in mortgage applications, reaching a\u200c 27-year low this month, according to GOBankingRates.<\/p>\n<p>The Biden \u2063administration&#8217;s massive\u200c stimulus package, signed shortly after \u200ctaking office, \u200dhas been linked to \u2062worsening inflation. Even Biden ally Rep. Jim Clyburn\u200c (D., S.C.) <a href=\"https:\/\/freebeacon.com\/democrats\/all-of-us-knew-biden-ally-says-democrats-knew-inflation-was-coming-after-spending-bill\/\" target=\"_blank\" rel=\"noopener\">admitted<\/a> that they \u2064were aware of the potential for rising costs. An analysis by <em>The Economist<\/em> in \u2064May found that Biden bears more responsibility for surging prices than for job growth.<\/p>\n<\/div>\n<p> <\/p>\n<h2> What role does climate change play in discouraging \u2062young people from purchasing homes?<\/h2>\n<p><span>  W.usatoday.com\/story\/news\/nation\/2021\/05\/24\/climate-anxiety-affects-kids\/7415690002\/&#8221; target=&#8221;_blank&#8221; rel=&#8221;noopener&#8221;>levels<\/a> of climate anxiety, \u2063the Biden administration is facing \u2064criticism for its\u2063 handling of the economy, particularly regarding <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mortgage-rates-eclipse-7-highest-since-november-in-troubling-sign-for-market\/\" title=\"Mortgage rates surge past 7%, signaling market concerns.\">high interest\u2064 rates<\/a> and inflation. These economic factors also play a role in discouraging young people from investing in real estate.<\/p>\n<p>Under the current administration, interest rates have risen, making it more \u2064expensive for people to borrow\u200c money to purchase homes. Higher interest rates increase the cost of monthly mortgage payments, making homeownership less affordable for young adults \u2062who are already\u2064 burdened with <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-releases-list-of-president-trumps-accomplishments-and-it-is-historic\/\" title=\"White House Releases List of President Trump\u2019s Accomplishments \u2013  And It Is Historic!\">student loan debt<\/a> and stagnant wages. Additionally, rising inflation erodes the\u2063 purchasing power of individuals, making it more difficult for \u2062them to save and accumulate the necessary down payment to buy a house.<\/p>\n<h3>The Impact of Climate\u200c Change on Future Investments<\/h3>\n<p>Climate\u2063 change is a pressing global issue that has significant \u200bimplications for all aspects of life, including the housing market.\u2064 The increasing frequency and intensity \u200dof extreme weather events \u2063pose \u2063a real threat to properties in vulnerable areas. Young people, rightly concerned about the long-term impact of climate change, are \u2063hesitant to make a substantial \u200cfinancial commitment \u2063to a home that \u200bcould potentially be destroyed by hurricanes, floods, or wildfires.<\/p>\n<p>The effects of climate change are already evident, with coastal communities experiencing rising sea levels and increased\u200c flooding. Recent events, such as\u200b the devastating wildfires in California and\u200c the record-breaking storms in the\u2062 Gulf Coast, serve as stark reminders of the vulnerability of \u200dhomes\u200d to these natural disasters. The prospect of financial loss due to climate-related events \u2062adds \u200dto the anxiety already felt by young people who are already grappling with economic uncertainties.<\/p>\n<h3>Addressing Climate Anxiety and Promoting Homeownership<\/h3>\n<p>It is\u200d crucial to recognize and address the concerns \u200dof young people\u200d regarding climate change and its impact on homeownership. The government should take steps to mitigate the effects of climate change\u2063 and make investments \u2063in sustainable infrastructure that can withstand extreme weather events.\u2063 By promoting renewable energy sources and supporting green initiatives, the\u2064 administration\u2064 can alleviate some of\u200c the climate\u200b anxiety felt by young adults and assure them of a \u2064safer and more \u200dsustainable future.<\/p>\n<p>Furthermore, the \u2064Biden\u200d administration must prioritize the\u200b stabilization of the\u2064 economy, particularly by tackling high interest rates and inflation. Implementing measures to reduce the burden of student loan debt, increasing wages,\u200c and incentivizing homeownership \u200dthrough programs such as \u2062low-interest mortgages could help \u200calleviate the financial\u2063 challenges faced by young adults and encourage them to invest in real estate.<\/p>\n<p>Education and awareness campaigns are \u2063also vital in addressing climate anxiety among young people.\u2064 By increasing understanding of climate change, its causes, and potential solutions, the government can empower young adults\u200d to \u200cmake\u2064 informed decisions about their future and alleviate some of the fear and uncertainty surrounding homeownership.<\/p>\n<h3>Conclusion<\/h3>\n<p>Vice President Kamala Harris&#8217;s acknowledgment of climate anxiety as a factor influencing young people&#8217;s decision to buy homes sheds light on \u2062the complex interplay between environmental concerns and economic factors. While climate anxiety is a real issue, it \u2064is essential\u2063 to recognize the broader economic context in which it exists. By simultaneously addressing climate change and stabilizing \u2062the economy, the government can help \u2063alleviate the fears and anxieties that young people face when contemplating homeownership.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Vice President Kamala Harris attributed the reluctance of young people to buy homes to &#8220;climate anxiety,&#8221; without acknowledging the impact of President Joe Biden&#8217;s high interest rates. She highlighted how &#8220;young leaders&#8221; experience fear regarding having children and purchasing homes due to concerns about climate change.<\/p>\n","protected":false},"author":162,"featured_media":2040144,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[544],"tags":[],"class_list":["post-2040143","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-free-beacon"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2040143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/162"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2040143"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2040143\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2040144"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2040143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2040143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2040143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}