Housing has become a critical issue in America, both because of its direct link to wealth inequality and its impact on the quality of life. When Vice President Kamala Harris says America needs more homes, she is signaling a shift in the government’s priorities towards addressing this issue.
This emphasis on housing is different for several reasons:
1. Previous Governmental Focus: Past administrations have not prioritized housing as a key concern. While there have been various programs to assist with homeownership, the focus has not been on directly creating more housing.
2. Affordable Housing Crisis: Many Americans struggle to afford their homes, with many spending more than the recommended 30% of their income on housing. Homeownership, a key tool for wealth accumulation, is out of reach for many.
3. Rapid Population Growth: The U.S. population is growing and changing, which is causing a shift in housing needs. There is more demand for housing than there is supply, leading to a surge in prices.
4. Urbanization: More people are flocking to cities where the housing shortage is most acute. Without enough homes, prices skyrocket, making it difficult for middle and low-income individuals to live in these areas.
5. Ongoing Homelessness Problem: Homelessness remains a significant issue in many parts of the country. Increasing the housing supply could be a key step in addressing this problem.
6. Infrastructure Investment: Investing in housing is part of a broader conversation about infrastructure investment. There’s an increasing understanding that housing
