Vice President Kamala Harris highlighted a critical issue in America: the housing shortage. This crisis exacerbates wealth inequality and impedes economic growth, innovation, and adaptability to regional shocks. Rent increases, rising home prices, and a significant portion of income spent on housing illustrate how the situation has worsened, particularly post-Biden administration.
Our next president could significantly influence the housing shortage rooted in local regulations, but communities resistant to change won't begin building without substantial incentives. We must look back and find effective, historically-driven solutions akin to the National Minimum Drinking Age Act of 1984, which successfully leveraged federal funding to compel compliance.
#housing-crisis #economic-inequality #affordable-housing #policy-solutions #homeownership-challenges
[
Collection
]
[
|
...
]