Special Deal for Politically Connected and Lucky Middle Class Homeowners

That should have been the title of the article today in the New York Times:

Some middle-class families are buying homes at budget prices made possible by government agencies, private developers, not-for-profit groups and employers.

Affordable housing, once shorthand for low rents for the poor, is being stretched like never before to include homeownership for people who are more likely to have Starbucks cash cards than food stamps in their wallets. These middle-income earners, priced out of homes from Burlington, Vt., to Santa Fe, N.M., are being offered financial breaks to live in hot real-estate markets and near their jobs.

The government creates a crisis by limiting supply through land-use restrictions,zoning,and union graft. It creates artificial demand through Fannie Mae,HUD,and other government programs then when prices get too high for the middle income people they throw some lucky duckies a bone.