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Almost 38 percent of renters in the United States do not believe they will ever be able to call themselves homeowners, per a recent survey.in January that, in 2022, a record half of people across America who are renters used a large portion of their income to pay rent and utility bills, according to Breitbart News.
“While the cost of housing remains a burden, people are also having difficulties putting food on the table in Biden’s economy,” the outlet said.The 27% comparison is from a Redfin survey conducted in May and June 2023. Lack of affordability is the prevailing reason renters believe they’re unlikely to become homeowners. Nearly half of renters who don’t believe they’ll buy a home in the near future said it’s because available homes are too expensive. The next most common obstacles: Ability to save for a down payment , ability to afford mortgage payments and high mortgage rates . Roughly one in eight simply aren’t interested in owning a home.
Inflation under President Joe Biden’s leadership has caused the price of rent, electricity, and even garbage collection to rise almost six percent, Breitbart News“If the big American Dream is to own your home, perhaps leave that money to your kids one day, that’s getting further and further away,” Chatterly said, at one point, “and it doesn’t really change until the Federal Reserve starts to bring rates down, these things ease, people start to sell their homes, and that’s going to take some...
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