(Mortgage Rates UP 168% Under Biden, Home Prices UP 32.5%)

Fed Chairs Ben Bernanke and Janet Yellen started the home price fire that Powell is trying to extinguish but can’t. Throw in a 10% burst in illegal immigration and Biden/Mayorkas just added fuel to an already out-of-control fire.

Housing is becoming an exclusively upper-class privilege in a growing number of cities.