affordable housing crisis

The affordable housing crisis refers to a significant shortage of homes that low- and middle-income individuals can afford. Factors like rising home prices, stagnant wages, and increasing demand contribute to this issue, making it challenging for many people to find suitable living arrangements without burdening their finances. As rent and housing costs outpace income growth, many struggle to secure stable housing, leading to overcrowding, homelessness, and financial instability. This crisis underscores the need for effective policies and solutions to ensure everyone has access to safe, affordable housing.