[Congressional Record Volume 170, Number 48 (Tuesday, March 19, 2024)]
[House]
[Pages H1223-H1224]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                        BIDEN ASSAULT ON HOUSING

  (Mr. WILSON of South Carolina asked and was given permission to 
address the House for 1 minute and to revise and extend his remarks.)
  Mr. WILSON of South Carolina. Mr. Speaker, with Bidenomics of borrow, 
tax, and spend, American families have endured the highest inflation in 
40 years, costing the average family $12,000 more annually to buy 
basics, including housing.
  Stephen Moore of the Heritage Foundation has revealed ``housing 
affordability has hit a 40-year low under Mr. Biden after affordability 
surged under Mr. Trump.''
  The average monthly payment has risen from $1,500 a month to $2,600 
today.
  ``What Mr. Biden fails to understand is that two factors drive 
homeownership: the interest rate and real income growth.''
  House Republicans will continue to fight to reduce inflation and 
create jobs led by Speaker   Mike Johnson.

[[Page H1224]]

  As a former real estate attorney myself, I especially appreciate the 
achievements of the real estate industry as it is the basis of good 
schools and safe communities.
  In conclusion, God bless our troops, who successfully protected 
America for 20 years, as the global war on terrorism continues moving 
from Afghanistan safe havens to America.
  We do not need new border laws. We need to enforce existing laws. 
Biden safely opened borders for dictators as more 9/11 attacks across 
America as imminent as warned by the FBI.
  Our prayers today are for the family of  Dan Kildee.

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