Housing crisis

An affordable housing crisis or housing crisis is either a widespread housing shortage in places where people want to live or a financial crisis in the housing market. Housing crises can contribute to homelessness and housing insecurity. They are difficult to address, because they are a complex "web of problems and dysfunctions" with many contributing factors, but generally result from housing costs rising faster than household income.

There is an ongoing decades-long increasing trend of cities around the world facing housing crises. Some notable examples of financial crises in the housing market are the American subprime mortgage crisis in 2007–2008 and the Chinese property sector crisis beginning in 2020.

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