The research highlights that decades of policy missteps have led to a significant shortage of affordable housing, rendering homeownership unattainable for millions across the U.S.
Lead author Dowell Myers states that the current housing crisis can be traced back to the early 2000s, fueled by subprime lending and subsequent market corrections.
The national housing shortage could deepen due to climate change-related disasters, with estimates suggesting a lack of up to 7 million housing units.
A constrained housing supply in Los Angeles poses a risk of exacerbating gentrification and intensifying existing vulnerabilities, especially during natural disasters.
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