They are not that stupid, but the econ ignorance of voters enables their profit-seeking. Home prices are escalating because of the sudden influx of dollars in the financial sector seeking profit, not because too many live-in first-time buyers are entering the market.

This generation coming up cannot afford to buy, removing one of the primary stores of wealth for middle-class workers. The student debt crisis is also going to made much worse going forward and Biden has signaled that he has no intention of attacking the real cause, which he can do without Congress and was part of his campaign platform.