Better Off Than 3 1/2 Years Ago? Home Prices Up 34% Under Biden, Mortgage Rates Up 147%, Rent CPI Up 5.3%

 In politics, it is usually discussed whether you are better off today than 4 years ago.

Well, not if you are a renter or need to buy a home with mortgage financing.

If you are a homeowner, you are better off in terms of home equty.

With the Case-Shiller National home price index up 34% since Biden's selection as President.

The bad news? Property taxes are soaring and home insurance rates are up.

The worst news? The 30 year conforming mortgage rate is up 147% under Biden.

If you are a renter, you are worse off because of rising rents and the diffculty of transitioning to homeowership. 

https://confoundedinterest.net/2024/06/24/better-off-than-3-1-2-years-ago-home-prices-up-34-under-biden-rising-property-taxes-and-home-insurance-mortgage-rates-up-147-rent-cpi-up-5-3/