In a Socialist economy, housing is owned by The State, not its individual citizens. (Except for political party elites, of course). Fortunately, the United States hasn’t become a full-blown Socialist nation … yet.
But with home prices surging 33.2% under Biden and mortgage rates up 160%, homeownership is getting progressively more difficult and costly.
![](https://confoundedinterest.net/wp-content/uploads/2024/05/hpmortbiden.png?w=1024)
But renting is no picnic either (except for the flies and rancid potato salad). According to Apartments.com, rent prices rose for the third straight month.
![](https://confoundedinterest.net/wp-content/uploads/2024/05/natrent.png?w=1024)
What a mess, courtesy of the Biden Misadministration.
UMich buying conditions for housing has plunged to 26.
![](https://confoundedinterest.net/wp-content/uploads/2024/05/umuchddddd.png?w=750)
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