This was the Globalist plan all along. “You will own nothing and you will be happy.” You don’t criticize the state when they own the roof over your head.
The problem isn't simply that mortgage rates are 7.17%.
America has had much higher rates before. The problem is 7% mortgages paired with home prices that exploded during this era of "cheap money."
We are creating a generation of young Americans for whom homeownership may no longer be a milestone that is delayed, but a milestone that is never reached.
The median first-time homebuyer is now 40 years old, an all-time high. In the 1980s, they were typically in their late 20s.
Meanwhile, over the last 40 years, median home prices have increased roughly 436%, while median household income has increased only 236%.
Young Americans are being asked to buy extraordinarily expensive houses with expensive money.
That is not sustainable...