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Housing Crisis Explained

Housing Crisis Explained


The housing crisis has been a persistent issue in the United States for decades, with origins dating back generations. The population of the United States skyrocketed in the early 1800s, spurring rapid urbanization. Because of this increase in demand and the scarcity of available land and resources, housing costs have skyrocketed, and a housing shortage has resulted.

Housing shortages in metropolitan areas were widespread during the nineteenth century. Overcrowding, tenement living, and the health problems that come with them were widespread. To address this issue, many states enacted housing regulations, such as rent control.

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