There are a lot of reports today on affordability as the media campaigns for Democrats to take control of the House and Senate this November. Many of the reports talk about how much things cost today versus 2020, while intentionally neglecting to report how much of the unaffordability occurred during the four years of Biden and the Democrats imposing unaffordable policies.
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On Wednesday, USA Today ran an article about housing. The headline, “Why so many Americans can’t afford housing anymore,” certainly implies that housing has become unaffordable under Trump, which is intentionally false.
But look at these four bullet points from the article. Three of them are related to housing and renting costs during 2024, the last year of Biden.
- Only 1.1 million new households were formed in 2025 – a number roughly in line with the depths of the Great Recession over a decade ago – as student debt, a weaker job market, and anemic consumer sentiment made Americans wary of striking out on their own.
- Similarly, only 11.2% of Americans relocated in 2024, an all-time low.
- As of 2024, 20.7 million homeowner households (24% of the total) spent more than 30% of their income on housing expenses; 9.6 million spent more than half their income.
- Renters may have it worse: roughly half of all households that rent, or 22.7 million, were cost burdened as of 2024, including 12.1 million that were severely burdened.
So why doesn’t the media report these easily obtained facts from Google AI about prices during the Biden years and so far during Trump?
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- Average cost of existing house Dec 2020: $309,800.
- Average cost of existing house Dec 2024: $404,400, up 30% in Biden’s four years.
- Average cost of existing house April 2026: $414,000, up less than 3% in 16 months, or lower than inflation and wage increases.
- Median rent cost December 2020: $1,100 per month.
- Median rent cost December 2024: $1,695 per month, up 54% in four years.
- Median rent cost April 2026: $1,510 to $1,673 per month, or down while Trump is in office.
The reason the media rarely tells the truth about who caused housing unaffordability is the same reason they don’t tell the truth about how Obamacare made health care so much more expensive (and unaffordable).
Biden’s energy, immigration, and regulatory policies are what has made things so unaffordable today, not Trump. Trump is trying to fix the problems, but that takes time.
The media hasn’t cared about facts for a long time, only power for Democrats and the destruction of Trump.
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Image generated by ChatGPT.