"Welcome to the next housing crisis: chronic undersupply of homes for a growing country”
Paper due date Introduction The United States' market is on the verge of another housing crisis as the growth in the demand for houses for US citizens is not counterbalanced by an equivalent growth in the houses constructed every year (Yglesias 1). A fundamental principle of Economics states that the ratio of supply and demand for the objects acts as the natural market force for governing the price of those objects. The housing market is facing the impending crisis in terms of rising house prices due to this obvious principle coming into play. The rise in prices of the ...
