Real Estate

Is There Really a Housing Crisis?

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There are a few fundamental things that human beings are going to require based on their hierarchy of needs. Living in a developed country that has very low poverty rates can make you forget what your most basic needs actually are due to the reason that you would be more interested in upper tier needs such as entertainment, fulfillment and several other things in a similar vein. That’s why we need to start refocusing on the things that truly matter because our lack of attention towards them is creating countless crises that we are struggling to overcome at the end of the day.

One crisis in particular that you might be worried about would be the housing crisis that so many people say we are going through. That said, one has to wonder if there really even is any kind of a housing crisis in the first place. After all, most houses in Schaumburg, Illinois are actually pretty affordable, so it stands to reason that you might be curious as to why anyone would consider lack of housing to truly be as catastrophic as they are trying to assert.

The thing is, your relative privilege might prevent you from being able to see the true scale of the crisis. A lot of American families are having to spend most of their money just to have a place to live. What’s more is that the concept of buying a home is becoming increasingly out of their reach, with the vast majority of young people settling for rentals because they know that they would never be able to afford a home of their own. This is what people are referring to in terms of the crisis.