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All Out Law 06.01.24 - Why Is Everything So Expensive?
Published 1 year, 10 months ago
Description
Good Saturday morning! Here's what Kyle Wyatt covers today:
- There's a new survey that shows that nearly 80% of Americans now view fast food as a luxury.
- 62% of respondents also said they are eating it less often because prices have gone up.
- What about the housing market? Real estate agent Freddie Smith said that in 2019, the average home in America cost $260,000 with a 4% interest rate. He said that the monthly payment back then was around $1,700, meaning that an individual that made $60,000 annually could realistically afford a home. That same home today is going for $436,000, but the interest rates are 7.5%. So that monthly payment is jumping to 3,700.
- Kyle breaks down some Government spending.
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