Auto workers worry they won't be able to afford homes because of high prices and interest rates

Throughout an interview with ABC Information on Friday, Rep. Haley Stevens (D-Mich.) mentioned that hanging auto staff are involved about whether or not they may be capable to afford houses as a result of “housing costs are excessive proper now. Rates of interest are at a uniquely excessive stage.”

Whereas discussing the 2024 presidential race in Michigan and the state’s prime points, Stevens mentioned: “Nicely, Joe Biden in Michigan was doing what President Joe Biden does finest, which is listening to the employees and the true UAW workers. He was with the president of the UAW, Mr. Sean Superb, as a result of he had been invited by Sean Superb to go go to this picket line. And nobody is aware of the American auto business, the Michigan auto business, and the Michigan auto employee like Joe Biden. I joke with him that we’ll must get him a bit residence in Detroit due to his love for the American auto business.

She continued: “And also you’re betting your backside greenback that the economic system and good jobs are what is going on to be on folks’s minds. There are actually quite a lot of jobs accessible, however what we all know is that the American folks, what a employee in Michigan is searching for is that good-paying job. Residence costs are excessive.” Proper now. Rates of interest are at a uniquely excessive stage. Can I purchase that home? That is one thing I am listening to on the picket line now.

“The opposite situation that I feel can be very actual as this election approaches is the concept of ​​good governance and reliable governance,” Stevens added.

He follows Ian Hanchett on Twitter @Ian Hanchett

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