But you are also ignoring that people were paying Over asking price... just like I mentioned as well. Which makes mortgages HIGH.
The expenditures.... all happened under inflation under the past administration. With record inflation and people draining savings accounts. The previous wage decrease not keeping up with HIGH inflation killed people. Now we as a country are trying to claw back.
But want to talk about expendnitures..... Insurance is a huge one. Inflation per the past 4 years is a driving factor. Homes were under insured. They didn't follow what the cost of building materials did during COVID.... damn near tripled. Same goes for cost of labor in the building/construction sector. Then the disasters that hit..... fires in CA, Hurricanes in FL, hail storms in Midwest. Rates needed to increase along with values on homes. It was a "double whammy" for many insureds. They saw insured value of the home go up by 10-20% along with 5-10% rate increases. In one year. THEN the next year another 5-10% rate increases. Rates doubled.
Then let alone what TAXES did.
Now rent..... Many people were living off the COVID rent "scam" is what I call it. They got rent relief or rent freezes. Some didn't pay rent. What they didn't realize is that they HAD TO PAY IT BACK. So they got hit with this or got kicked out. So landlords who lost income and still had bills to pay and wanted to restock their savings account upped the rent.
I could go on and on about how COVID "relief" and spending by both Trump and Biden Administrations fucking made this mess.
I know you want to keep saying TARIFFS.... but it isn't. All of this happened PRIOR TO TARIFFS. Yes I am screaming it because it needs to be. Mortgage didn't increase because of Tariffs, Insurance cost didn't happen because of tariffs, property taxes didn't happen because of tariffs, rent didn't happen because of tariffs, water bill didn't increase because of tariffs, etc. Your major costs each month didn't increase because of the recent tariffs.
But like mentioned before... Trump said right away to hang on and the projections he talked about are coming true. Now the increase was also happening under Biden. Was that because things were getting "back to normal" after the fuck up of COVID. AND Yes Biden did good things to get people back to work..... but he also kept spending. If he would have stopped the spending like a drunken sailor we might be where we need to be. I honestly do think people (his own party) took advantage of him to sign off on spending and pushed the Democratic party too far left. But that is a different topic.