{"id":2237268,"date":"2024-05-04T16:31:02","date_gmt":"2024-05-04T20:31:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidenomics-is-killing-the-american-dream-of-owning-your-own-home-nationwide-study\/"},"modified":"2024-05-04T16:34:04","modified_gmt":"2024-05-04T20:34:04","slug":"bidenomics-is-killing-the-american-dream-of-owning-your-own-home-nationwide-study","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidenomics-is-killing-the-american-dream-of-owning-your-own-home-nationwide-study\/","title":{"rendered":"Study Shows Bidenomics Threatens American Dream of Homeownership"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/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%2Fbidenomics-is-killing-the-american-dream-of-owning-your-own-home-nationwide-study%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=2237268&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--><p>The commentary by Warner Todd Huston on May \u20634, 2024, discusses how Joe Biden&#8217;s economy adversely\u200c impacts\u2064 homeownership. \u2064Despite \u200drising costs, many Americans aspire to own a home. A recent study reveals that renting is\u2062 now \u200bmore affordable than \u200cbuying in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/shapiro-for-the-left-bigotry-is-a-tool\/\" title=\"SHAPIRO: For The Left, Bigotry Is A Tool\">major metropolitan areas<\/a>, putting pressure on \u2064home builders and sales. \u2064Skyrocketing home prices and income constraints add to the challenges of homeownership.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<header> <a href=\"https:\/\/www.westernjournal.com\/commentary\/\">  Commentary <\/a>   <span> <\/p>\n<p><a href=\"https:\/\/www.westernjournal.com\/author\/igcolonel\/\">  <\/a> <\/p>\n<p> <span>   By <a href=\"https:\/\/www.westernjournal.com\/author\/igcolonel\/%20\"><span>Warner Todd Huston<\/span><\/a> <\/span> <span>   May 4, 2024 at 1:01pm <\/span> <\/span>  <\/header>\n<section>\n<p>Joe Biden\u2019s economy is having a serious negative impact all across the country and as prices on everything we need skyrocket, the dream of owning a home is slipping away.<\/p>\n<p>A new study, for instance, finds that it is now cheaper to rent than it is to buy a home in the country\u2019s 50 largest metro areas. And this is putting serious pressure on home builders and <a href=\"https:\/\/www.westernjournal.com\/us-housing-market-takes-biggest-hit-since-2008-sale-prices-now-plummeting\/\" target=\"_blank\" rel=\"noopener\">sales<\/a>.<\/p>\n<p>It is more cost effective to rent a place to live than to <a href=\"https:\/\/www.westernjournal.com\/bidens-america-40-believe-winning-lottery-best-chance-buy-home-poll-reveals\/\" target=\"_blank\" rel=\"noopener\">own a home<\/a>, Bankrate said in <a href=\"https:\/\/www.bankrate.com\/real-estate\/rent-vs-buy-affordability-study\/\" target=\"_blank\" rel=\"noopener\">a report<\/a> it published at the end of April.<\/p>\n<p>While the cost of rent soared over the last few years, the cost of buying and owning a home has not only caught up to that rise in rent but has eclipsed it as mortgage rates have begun rising and low home inventory have created higher prices, the report adds.<\/p>\n<p>The personal finance resources company notes that owning a home now costs nearly 37 percent more than renting.<\/p>\n<p>It was already so bad last year that Americans had to earn a record high annual income to be able to afford a home, as <a href=\"https:\/\/www.westernjournal.com\/bidenomics-americans-now-need-record-incomes-afford-homes\/\" target=\"_blank\" rel=\"noopener\">The Western Journal<\/a> reported in October, but in the last year that problem has worsened.<\/p>\n<p>Despite all this, 78 percent of Americans still feel that owning their own home is an integral part of the American dream, and they would like to be homeowners.<\/p>\n<p>But a large number, 56 percent, also told the company that their income prevents them from fulfilling that dream, while 42 percent said home prices are too high.<\/p>\n<p>Bankrate\u2019s analysis found that in 50 metros, a mortgage for a median-priced <a href=\"https:\/\/www.westernjournal.com\/housing-free-fall-homebuilders-confidence-takes-disastrous-plunge\/\" target=\"_blank\" rel=\"noopener\">home<\/a> worth just over $400,000 costs $2,703 a month whereas rent only costs $1,979. That is a huge 36.6 percent difference.<\/p>\n<div id=\"firefly-poll-container\">\n<p>Will Biden lose his job this November?<\/p>\n<\/p><\/div>\n<p>Even worse, in 21 of those metro areas, the cost of a monthly <a href=\"https:\/\/www.westernjournal.com\/ap-trump-closer-to-declaring-emergency-800000-wont-get-paid\/\" target=\"_blank\" rel=\"noopener\">mortgage<\/a> is 50 percent higher than renting.<\/p>\n<p>\u201cPurchasing a home is a long-term commitment. Home price appreciation has slowed considerably and costs have risen dramatically since the days of 3 percent mortgage rates, so it\u2019s going to take more time to break even on a purchase compared to renting.,\u201d said Zillow chief economist Skylar Olsen.<\/p>\n<p>It seems unlikely any of the elites at the World Economic Forum will shed a tear for the destruction of wealth this trend represents. For many families, a home is the largest investment they will make. Additionally, having the realistic potential of owning real property like a home is a cornerstone of a free society. It\u2019s almost certain the WEF will be quite happy that Americans can\u2019t afford the luxuries of investments and property.<\/p>\n<p>That organization recently posted a video containing its <a href=\"https:\/\/www.facebook.com\/watch\/?v=10153920524981479\" target=\"_blank\" rel=\"noopener\">\u201c8 predictions for 2030\u201d<\/a> in which it noted that one of its top goals is to make sure the lowly common man will \u201cown nothing\u201d and will \u201cbe happy\u201d about it.<\/p>\n<p>The elites want to tear down the <a href=\"https:\/\/www.westernjournal.com\/belief-american-dream-collapsed-biden-poll\/\" target=\"_blank\" rel=\"noopener\">American dream<\/a>, of course. The lofty ideas of ownership and controlling one\u2019s own destiny is an impediment to their power grabbing and their authoritarian desires to rule over us all.<\/p>\n<hr>\n<div>\n<p><b><i>A Note from Our Deputy Managing Editor:<\/i><\/b><\/p>\n<p><i><span>\u201cWe don\u2019t even know if an election will be held in 2024.\u201d Those 12 words have been stuck in my head since I first read them. <\/span><\/i><\/p>\n<p><i><span>Former Lt. Gen. Michael Flynn recently made that comment to Floyd Brown, founder of The Western Journal. <\/span><\/i><\/p>\n<p><i><span>And if the leftists and the elites get their way, that\u2019s exactly what will happen \u2014 no real election, no real choice for the Electoral College, and no real say for the American people. <\/span><\/i><\/p>\n<p><i><span>The Western Journal is fighting to keep that from happening, but we can\u2019t do it alone.<\/span><\/i><\/p>\n<p><i><span>We work tirelessly to expose the lying leftist media and the corrupt America-hating elites.<\/span><\/i><\/p>\n<p><i><span>But Big Tech\u2019s stranglehold is now so tight that <\/span><\/i><a href=\"https:\/\/www.paypal.com\/donate\/?hosted_button_id=BM6XAWRJ8NS7A&#038;utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><i><span>without help<\/span><\/i><\/a><i><span>  from you, we will not be able to continue the fight. <\/span><\/i><\/p>\n<p><i><span>The 2024 election is literally the most important election for every living American. We have to unite and fight for our country, otherwise we will lose it. And if we lose the America we love in 2024, we\u2019ll lose it for good. Can we <\/span><\/i><a href=\"https:\/\/www.paypal.com\/donate\/?hosted_button_id=BM6XAWRJ8NS7A&#038;utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><i><span>count on you<\/span><\/i><\/a><i><span>  to help? <\/span><\/i><\/p>\n<p><i><span>With you we will be able to field journalists, do more investigative work, expose more corruption, and get <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/watch-rep-anna-paulina-luna-scolds-dems-waving-ukrainian-flags-after-vote-put-those-damn-flags-away\/\" title=\"Video: Rep. Anna Paulina Luna Criticizes Democrats Waving Ukrainian Flags - 'Remove Those Flags!\">desperately needed truth<\/a> to millions of Americans. <\/span><\/i><\/p>\n<p><i><span>We can do this only with your help. Please don\u2019t wait one minute.<\/span><\/i><a href=\"https:\/\/www.paypal.com\/donate\/?hosted_button_id=BM6XAWRJ8NS7A&#038;utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><i><span>  Donate right now<\/span><\/i><\/a><i><span>.<\/span><\/i><\/p>\n<p><i><span>Thank you for reading,<\/span><\/i><\/p>\n<p><i><span>Josh Manning<\/span><\/i><\/p>\n<p><i><span>Deputy Managing Editor<\/span><\/i><\/p>\n<p><i><span>P.S. Please <\/span><\/i><a href=\"https:\/\/www.paypal.com\/donate\/?hosted_button_id=BM6XAWRJ8NS7A&#038;utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><i><span>stand with us<\/span><\/i><\/a><i><span>  today.<\/span><\/i><\/p>\n<\/p><\/div>\n<div id=\"author-info-43\">\n<p><a href=\"https:\/\/www.westernjournal.com\/author\/igcolonel\/\">  <\/a> <\/p>\n<div>\n<p><label for=\"summary-tab-radio-43\">Summary<\/label><label for=\"more-info-tab-radio-43\">More<span> Biographical Information<\/span><\/label><label for=\"posts-tab-radio-43\">Recent<span> Posts<\/span><\/label><label for=\"contact-tab-radio-43\" onclick=\"if( typeof grecaptcha=='undefined' ) { let cap_s=document.createElement( 'script' ); cap_s.src='https:\/\/www.google.com\/recaptcha\/api.js?render=6LeJFcsUAAAAAPsIEqvB1EebWbZfqRUe6ebMpGy7'; document.body.appendChild( cap_s ); }\">Contact<\/label><\/p>\n<div>\n<p>Warner Todd Huston has been writing editorials and news since 2001 but started his <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/byron-donalds-takes-shot-at-host-of-the-view-dares-panel-to-invite-him-on-as-a-guest\/\" title=\"Byron Donalds Takes Shot at Host of 'The View,' Dares Panel to Invite Him On as a Guest\">writing career penning articles<\/a> about U.S. history back in the early 1990s. Huston has appeared on Fox News, Fox Business Network, CNN and several local Chicago news programs to discuss the issues of the day. Additionally, he is a regular guest on radio programs from coast to coast. Huston has also been a Breitbart News contributor since 2009. Warner works out of the Chicago area, a place he calls a &#8220;target-rich environment&#8221; for political news. Follow him on Truth Social at @WarnerToddHuston.<\/p>\n<\/p><\/div>\n<div>\n<p>  Warner Todd Huston has been writing editorials and news since 2001 but started his writing career penning articles about U.S. history back in the early 1990s. Huston has appeared on Fox News, Fox Business Network, CNN and several local Chicago news programs to discuss the issues of the day. Additionally, he is a regular guest on radio programs from coast to coast. Huston has also been a Breitbart News contributor since 2009. Warner works out of the Chicago area, a place he calls a &#8220;target-rich environment&#8221; for political news. <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a commentary dated May 4, 2024, Warner Todd Huston highlights the adverse effects of Joe Biden&#8217;s economy nationwide. Soaring prices are making homeownership unattainable as a recent study reveals that renting has become more affordable than owning a home<\/p>\n","protected":false},"author":180,"featured_media":2237269,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/05\/Housing-prices.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-2237268","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/05\/Housing-prices.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2237268","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\/180"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2237268"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2237268\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2237269"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2237268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2237268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2237268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}