Affordability Under Biden vs. Trump: Inflation, Housing, and Wage Policies
Larry Elder
Tue, Sep 29, 2026
By Larry Elder, Townhall.com
Affordability remains a pressing concern as we delve into the impact of various policies on everyday costs. The discussion highlights inflation rates, comparing an average of 5% per year under the Biden administration with 1.9% during the first term of Trump and 2.9% in his second term. Housing prices have seen significant increases, with an average rise of 5.3% annually under Biden, 2.7% in Trump's first term, and 3.7% so far in his second term. Urban areas, particularly in the Sunbelt, experienced higher price surges due to population migration, while regulatory hurdles in blue states continue to drive up costs. Additionally, zoning regulations and permitting processes in the northeast and west coast, coupled with rent control and eviction laws, contribute to the affordability crisis. The proposal to raise the federal minimum wage to $15 or higher, and the example of California's higher building costs compared to Texas, further illustrate the complexities and regional disparities in addressing affordability.