In the most elementary of terms, the government at all levels has created the current housing crisis. On a national level, localities have all but criminalized new housing development through draconian zoning laws, though Democratic NIMBYs seem to be far worse offenders than Republican locales, while President Joe Biden lit the purchasing power of the U.S. dollar on fire with the $2 trillion American Rescue Project, which further induced demand on top of the COVID spending boondoggle.

And the president’s solution to this worst of both worlds phenomenon? To exacerbate the problem even more by offering $5,000 per year for two years to first-time, “middle class” homebuyers and a one-year credit for $10,000 for families who sell their so-called starter homes.