8min chapter

Money For the Rest of Us cover image

The Housing Affordability Crisis: What Caused It and How to Fix It

Money For the Rest of Us

CHAPTER

The Alarming Rise in Housing Costs and Its Consequences

This chapter explores the alarming rise in housing costs relative to median household income, revealing the impact on homeownership and rental burdens. It examines the factors contributing to this crisis, including a shortage of new housing development and the cautious approach of builders due to previous market downturns.

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