Housing Crisis in the US

Construction of a luxury real estate development in LA halted in 2019, worsening the housing crisis. Economist Ben Keys highlights the unaffordability of housing due to factors like the 2008 financial crisis, slow construction pace, zoning laws, and high costs. Trump's proposed tariffs on imports and mass deportations could further impact housing costs. Climate change is increasing property insurance costs, especially in high-risk areas. The housing shortage is squeezing the most vulnerable, contributing to homelessness.