Ali Wolf highlights that the U.S. is facing a severe housing affordability crisis, with prices at an all-time high locking out many potential buyers.
Wolf emphasizes the impact of the pandemic on the housing market, stating that it has created a significant supply and demand imbalance, exacerbating affordability issues.
Wolf mentions that while the middle and high-end markets are sustained by wealthier buyers, the majority of Americans struggle to afford homes.
Reflecting on policies, Wolf notes the challenge of addressing a housing problem that has developed over more than a decade, indicating systemic issues.
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