Housing costs in America have skyrocketed, leaving many families struggling to keep up. The shortage of affordable housing has created a crisis, forcing people to choose between basic needs and a place to live.
While many high-end houses are being built at a steady pace, millions of Americans are struggling. Many low-income families spend more than half of their paycheck on rent, leaving them barely able to afford even the most basic housing.
“This rent is ridiculous, I don’t know what’s going on in the world,” said one renter in Norfolk, Virginia.
Experts blame a number of reasons behind this and expect it to get worse.
“We are in a housing crisis,” said Will Fish with the Center on Budget and Policy Priorities. “There are hundreds of thousands of people in this country who have no home at all.”
He went on to say a record 653,000 Americans experience homelessness any given night – a stark reminder of people living on the margins.
“There are many more millions who are paying very high shares to their income for rent, and are often, you know, just one step back away from being evicted and losing their home,” Fish said.
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