I would just counter this by saying that one party wants high taxes and high interest rates, and one party wants low taxes and low interest rates. It’s an easy differentiator between the 2 parties, and I think that’s a hard sell for Democrats to young people that are looking to build something here.
Lower interest rates on CCs, home loans, auto loans, etc benefit people of all age brackets. Higher interest rates benefit a much smaller group of people.
My first home was a new home built on spec by a local builder of SFH, buy a lot, build a new spec home, sell that home and start the cycle again.
The Fed IRS gave a $ 2 K credit towards your tax filings and the RE Agent cut his commission. Mortgage was about the same $ as renting, we Bought. Over time added another BR, full bath, rear deck, new kitchen, sold & made $ 250,000. Moved to Fla, bought & sold , made about the same. Large chunks of cash were always in RE/profits !
Like I've said my Sister became a RE millionairess by moving 42 times since her marriage and always making large sums of appreciation and rental incomes ! She made 1/2 million from Hurricane Katrina, where her homes sustained no damage and had HUGE appreciation as people with destroyed homes and insurance checks looked for undamaged homes.
So try to stop renting and acquire RE assets !
A nephew just bought a large 7 figure house in Colo for use as a Colo residence and Colo residence for his Son starting at Boulder, this fall.
Other family reasons as well...
So pay off all CC debt, reduce your lifestyles, no fancy vacations, eat at home, etc etc.
A big family night out was Pizza Hut, a pie and a pitcher of soda pop ! And THAT was AFTER we bought that first home !
Work a second job, BUILD that nest egg !