Furious voters in crucial swing state reveal how ‘out of control’ housing crisis is forcing them to rethink how they will vote this November
Wisconsin voters have shown how skyrocketing housing prices have become a major problem for the state’s residents.
According to Redfin, home prices in Wisconsin are now at $333,200, with more than half of homes selling for above asking price in June.
Home prices have risen eight percent in the past year, the largest increase of any swing state.
Fed-up voters say this could have a major impact on the vote, claiming the situation has worsened under President Biden.
âWhen Trump was president, we would be doing well if we were making what we are making now,â mother Nahona Moore, 28, told the Wall Street Journaland added that she plans to change her lifelong Democratic voting record in November.
Wisconsin voters like Daron and Nahona Moore say rising home prices are making them rethink their voting behavior
Moore, who lives near Milwaukee and Wauwatosa, blames government for “not improving anything.”
She and her husband Daron have a combined income of $54,000 from her work as a makeup artist and his role as a program manager at a nonprofit organization.
They looked at homes in the $160,000 price range but became frustrated with the lack of availability.
Eventually, with the help of the non-profit organization Acts Housing, they were able to secure a home, but the experience has left the couple with no plans to vote in the upcoming election.
According to the charity, demand for its services has increased, while the number of transactions has fallen by 10 percent.
Fernanda Speranza and her fiancĂ© Scott Scholtens found themselves in a similar situation, despite having two âgoodâ incomes.
The couple has a mortgage of $632 a month, but they don’t want to give it up just yet, even though they would like to move to a bigger house.
“We were getting frustrated with the situation and the fact that we had to spend so much time not finding what we were looking for,” said Speranza, 48. “It shouldn’t be this hard when we have two good incomes.”
According to Redfin, prices in Wisconsin are now at $333,200, with more than half selling for above asking price in June
Fernanda Speranza and her fiancĂ© Scott Scholtens say the tough market means they can’t afford to move despite earning good money
The situation has left her uncertain about who to vote for, though she said housing is not her only concern.
While housing concerns remain prevalent among American voters, the issue extends far beyond the policies of the Trump and Biden administrations.
Globally, house prices rose as a result of the Covid-19 pandemic.
Historically low interest rates, combined with a housing shortage and buyers looking for more space while in lockdown, have created an exceptionally overheated housing market, the effects of which have yet to fully dissipate.
Rents arenât much better. According to Redfin, prices rose 12 percent in the year through March to an average of $1,126 per month.
The average income in Wisconsin is $39,547.
Hannah Noel, 24, has been forced to move back in with her mother after a breakup left her unable to pay her rent.
Despite earning $50,000 a year, she admits she’s “scared about the future” and struggles to afford housing and groceries.
Her boyfriend Mitchell Roehl is in a similar situation, currently paying $1,600 for a studio apartment that he âregrets.â
Both Biden and Harris have pledged to address affordable housing, and the president has issued executive orders to remove barriers to homeownership.
The cost of a home in Wisconsin has increased eight percent over the past year, making it the largest increase in any of the swing states
Young professionals, like Hannah Noel and Mitchell Roehl pictured, say they also struggle to rent a home in Wisconsin
One of these measures is a program to reduce the cost of home insurance, one of the largest expenses when buying a home.
He also proposed a new $10,000 tax credit for first-time home buyers and a down payment amount of up to $25,000.
It appears that Harris has taken up the torch and is referring to affordable housing in her speeches.
âAs president, Vice President Harris will continue the fight for affordable housing for all Americans,â said Charles Lutvak, Harris’ campaign spokesman.
But her record has been criticized by the Trump campaign, which has blamed her economic policies, which they call âKamalanomics,â for the problems faced by many would-be buyers.
“On top of skyrocketing rent, gas and grocery prices, Kamalanomics has made the American dream of homeownership out of reach for young Americans and families across the country,” said Karoline Leavitt, a spokeswoman for the Trump campaign.