[Congressional Record Volume 170, Number 98 (Tuesday, June 11, 2024)]
[House]
[Page H3688]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




 UNAFFORDABLE HOUSING CAUSED BY BIDEN ADMINISTRATION'S DEFICIT SPENDING

  (Mr. ROSE asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. ROSE. Mr. Speaker, affordable housing continues to be a problem 
for Tennesseans. Unfortunately, it is getting worse. The cost of owning 
a home continues to climb, putting the American Dream out of reach for 
millions of Americans.
  The cost of a new home in February 2020 averaged $332,000. Now, 4 
short years later, that average is $434,000. This is a direct result of 
the Biden administration's out-of-control deficit spending.
  Inflation was at 1.9 percent prior to this administration. It has 
risen 20 percent since. In Tennessee, families are now paying $22,277 
more a year, on average, for the very same goods they were buying in 
January 2021. This makes buying a home just that much more difficult.
  Mr. Speaker, it is time for this administration to put the credit 
card down and enact policies aimed at restoring the American Dream.

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