WATCH: Kamala Says Young People Aren't Buying Homes Due to 'Climate Anxiety,' Doesn't Mention 7% Interest Rate

September 21, 2023

Vice President Kamala Harris said young people aren't buying homes because of "climate anxiety," not mentioning the sky-high interest rates under her boss, President Joe Biden.

"Young leaders" suffer from "climate anxiety," which is "their fear about … whether they should have children, whether they should ever think about buying a home for fear that it might be wiped out because of extreme weather occurrences," Harris said in a Wednesday interview with an Allentown, Pa., news station.

While U.S. home sales dropped in June to a 14-year low, and children are reportedly having increasing anxiety about climate change, even left-wing media have reported that young people want to buy homes.

The problem is inflation, which has spiraled out of control under Biden and Harris's administration. Mortgage rates last month hit an all-time high, with the interest rate on a 30-year, fixed-rate home loan skyrocketing to 7.09 percent, NPR reported.

"A lot of buyers have been priced out," National Association of Home Builders chief economist Robert Dietz told NPR. "If you don't have access to the bank of mom and dad to get that down payment, it's very challenging."

Home prices are also approaching all-time highs, Insider reported in August. These numbers have led to mortgage applications hitting a 27-year low this month, the site GOBankingRates reported.

The president after taking office signed a massive stimulus package that studies show worsened inflation. Biden ally Rep. Jim Clyburn (D., S.C.) admitted last year that "all of us knew" the stimulus plan would lead to "rising costs."

An Economist analysis in May found that Biden "is more responsible for surging prices than he is for abundant jobs."