Housing is a Rip Off: The National Disaster and 11 Steps to Fix It

The root cause of the housing crisis is a lack of new construction, coupled with rising housing costs (home prices, interest rates, and rents) and stagnant wage growth. The lack of available land for development, and several regulatory barriers that make it more difficult and expensive to build new housing, are the main reasons behind the shortage. This has led to skyrocketing housing costs, and a widening gap between the cost of housing and median incomes.