The average American now needs an annual income of approximately $115,000 to afford a home. The average worker’s salary is around $75,000.
Redfin, a leading real estate company, has highlighted a steep rise in the income necessary for homebuying. Their data shows an astounding 50% since the pandemic began.
“In December 2020, the overall official CPI was 260.474. In September 2023, it was 307.789. That means that inflation since Biden took office is now 18.2%.”
“By golly, if you get drunk enough and fall on your face a few times, Bidenomics makes perfect sense,” said one critic.