In a nutshell, people paying super high rents in elite locations believe there’s a housing shortage and believe they should get assistance for living in super d

In a nutshell, people paying super high rents in elite locations believe there’s a housing shortage and believe they should get assistance for living in super desirable locations. Calling it a crisis is disingenuous at best. Specifically calling a “affordability crisis” instead of “availability crisis” is telling. People being unwilling to live with a roommate(s) is the biggest driver here. Rent controls are also a significant factor driving market imbalances. Yes of course growing areas need more housing, but it’s not a crisis.