Housing Prices May Explain Biden’s Bad Polling

Zachary Carter: “I don’t have a pat explanation for Biden’s bad polling or all of these weird readings on economic sentiment. My best guess is that housing is a significant part of it.”

“Housing has been unusually expensive since the pandemic due to two mass moving events—city people running to the country, then running back to the city—after a decade of underconstruction. Housing is not only the single largest expense for most families, it’s tied to other big-picture family concerns—commutes, school quality, parks, crime—which I suspect most people ultimately care more about than the price of groceries, even though nobody likes paying more for eggs.”