Consumer watchdog: Biden regulations add $9,100 to homes

As if the shocking surge of mortgage interest rates under President Joe Biden weren’t bad enough, his demands for green housing technology would put another huge bill on new homeowners, according to a consumer watchdog.

An infographic from the Alliance for Consumers shows that the president’s moves to require new technology in home construction would add over $9,100 to the final bill.

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From green tech ceiling fans to water heaters, the addition is at least $9,166, said the group that promises to use legal avenues to protect consumers.

The additional bill comes on top of the average $15,250 more a year home buyers face in mortgages since Biden took office. Back in 2021, when interest rates were about 3%, purchasers paid an average of $1,730 a month on mortgages. Now, for the same average $410,000 loan, the payment is about $3,000 a month.

The group sent its infographic out on X, and it showed how much new regulations will cost home buyers.

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Some of the added expenses include $2,800 more for water heaters, $1,100 more for air conditioners, and $140 more for light bulbs.

In polls, Americans have listed inflation, the sour economy, and wage deflation as top issues in the upcoming election.