Yep. It's using the fed to reallocate money from the inflated cash based poor to the credit rich home owner. Home owners are basically using government induced negative real interest rates to regressively tax non-homeowners.

We got blown away by the pandemic that locked up the housing stock. So I cheated and built my own house for like 1/4 the cost it is on the market as it's almost all markup from the opportunity cost of losing the 0% loan.

For those that have lost hope seriously consider a prefab for like 60k dropped on some vacant land. Where I live you don't even need inspections or license to do it yourself. But you need to develop the land yourself, and not hire out a GC, because developers will always be chasing high margin luxury builds rather than the low margin methods I've discovered for economical housing.