Build On A Firm Foundation

Build On A Firm Foundation -

Have you ever built a sand castle at the Beach?  The tide goes out, you build your creation, but when the tide comes in, it’s gone.  That is what has happened to the American Homeowner.  Back in October and November, Joe Biden hit the Road to tout his Bidenomics success. He started to explain how wonderful his policies have been for America.  All of the jobs he created and how if given 4 more years will do more for America.

Recently numbers were released on how Bidenomics have helped hurt families.  For generations the best way for a family to build net worth has been to purchase a home.  I hope you know that Bidenomics has broken the housing market.  Due to higher home prices and higher interest rates, has derailed home sales.  The rate of Federal spending continues to damage America.  US families were already hurting from Bidenomics from the high inflation in household goods, food, energy.  It’s sad that we cannot truly know the real impact, due that the Consumer Price Index (CPI), produced by the Bureau of Labor Statistics, is the most widely used measure of inflation changed it’s calculations of inflation and took our food and energy from the numbers so to compare to previous downturns in the economy.  Americans could afford more house when Mortgage Interest Rates were in the 4%, now around 7% its hard to move.  But home buyers are braving high interest rates, due to the fact that they have to move forward in their lives, just as we will move on in November from Biden.

In the cause of the right.

John B. Gaither,

Chairman

OCGOP