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Home Economy

Collapse In Housing Market

by Editor
October 4, 2021
in Economy, SHOW NOTES
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Steve Cortes of Newsmax joined the “War Room” on Saturday to talk about the Biden economic fiasco. Here he shows the decline in the housing industry in the last several months.

“Housing is what led the American recovery. … Housing was on fire until now… During all of September, the housing sector in the stock market lost 9 percent of its value. … Now what has changed from that amazing housing recovery in 2020 into 2021. It’s Joe Biden. No. 1, you can’t get construction workers, or if you can, they cost too much because he incentivized people to stay home through massively juiced unemployment benefits.. No. 2 what’s going on now, the brand new disincentive to work, are these ridiculous and onerous and  I would say tyrannical vaccine mandates.”

 

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