The housing crisis

The housing crisis occurs when demand for homes outpaces supply, making housing unaffordable or difficult to access for many people. Factors like rising property prices, limited construction, economic instability, and income stagnation contribute to this imbalance. Low availability of affordable housing forces some to spend too much of their income on rent or face homelessness. Governments and communities struggle to meet this demand, leading to increased inequality and social issues. Addressing the crisis requires strategies to boost housing supply, improve affordability, and support vulnerable populations.