matthewhutton.bsky.social
Software person and left wing political activist in South East England.
330 posts
497 followers
477 following
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Q1 2016 to Q1 2020 (which is before the Covid spike) is higher growth than Q1 2020 to Q4 2024.
And yeah you might live in America but you are almost certainly paid a lot more than the median, and just like here lots of people like that are extremely out of touch.
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Grok is wrong.
The real data is: fred.stlouisfed.org/series/LES12...
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In Trumps first terms wages for median and lower voters actually increased more quickly than under other recent presidents. And that’s to Q1 2020 not the election.
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Yes polling. Check Wikipedia.
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A third of Americans aren’t in a cult. Most voters don’t follow politics closely.
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Putin is actually relatively popular in Russia and the other voters are split between Communism, ultra Nationalism and Western liberalism.
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Half of Americans aren’t in a cult.
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There are elections in Russia which has no democratic history at all.
There will be elections in the United States.
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And this would be extraordinarily unpopular with the voters who will then never vote Republican again.
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I said “housing prices for NEW homeowners have doubled within the last few years”. I think you didn’t read it properly 😜
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This is for all homeowners. Not new buyers.
And the fact that the price increase in 2024 over 2023 was lowish isn't the point. The point is that prices between 2020 and 2024 increased hugely - and on top of that borrowing also got a lot more expensive.
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You can look at the average interest rates and average house price data from the US government and see it.
But honestly unless you are seriously arguing these costs increased by less than or close to inflation what’s the point. If it is 75% it is still bad.
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OK house prices actually dropping in absolute terms would cause people to go underwater on their mortgages. So that would be bad.
But house prices merely staying level in absolute terms or increasing less than inflation is something most homeowners wouldn’t be too bothered about.
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The people always blame the president for everything. It’s simpler.
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And also even of the boomers who benefited they will have kids and grandkids and friends with kids and grandkids who were struggling to buy a home.
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So Biden hurt his own voters to benefit a bunch of people who voted for Trump for a third time in 2024.
And honestly I have discussed house prices with a tonne of young-middle aged people over the last 20 years. No one has said them increasing is good.
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It’s not good if you want to buy a more expensive home.
And if you don’t want to move it doesn’t affect you either way really. Home values are pretty pointless as you have to live somewhere.
Maybe it benefits you if you refinance but that isn’t likely in the current situation.
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If it affects 10% of Americans that is more than sufficient to swing the election.
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Also lots of young people who didn’t historically vote are going to be amiable to voting against the incumbent who doubled the cost of their largest expense.
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People who have recently bought a house or are considering doing so and who vote are probably going to have been Biden/Clinton voters as they are young. So when Biden doubles their largest expense then they are going to be very amiable to switching to Trump.
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That's going from ~$917 a month (4.13% rate) to ~$1,924 a month (6.67% rate) though. 110% increase!
It's a huge huge difference for buyers.
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House prices went up massively across America over Bidens term. And they didn’t even talk about it.
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Including increased prices and increased interest payments for new homeowners this did in fact happen.
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Will the cost of living was a real issue for real Americans and the Harris campaign was bad for not even mentioning it and how they would improve the lives on ordinary Americans.
That doesn’t mean that right wing Americans who are into politics aren’t seeing misinformation.