TACKLING THE PROBLEM HEADS ON:
BRINGING A LASTING SOLUTION TO THE AFFORDABILITY CRISIS IN AMERICA IN 2021
2020
showed us that America has big issues that need to be tackled as quickly as possible. The year shed light on a number of issues like the inequalities made even worse by the pandemic, climate crisis that needed to be urgently put a stop to, and an affordability crisis in the country. The national unemployment rate was volatile in the past decade, and so has the economy of the country; these two factors had led to the affordability crisis in the country. This crisis depended on both the income of people and how much income was spent. The coronavirus further compounded the 20
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affordability crisis as lesser homes were being listed for sales despite the influx of buyers. This has led low-cost houses to up their prices and led to an affordability issue. One crisis that has become a central part of American economic life is the escalating cost of living. Without a solution, this is bound to get worse in the foreseeable future. If that is to happen, the inequality in the country is bound to exacerbate, households will become even more fragile, and productivity will be smothered completely, and families’ dreams of security will be far out of reach. The price of homes represents the most part of the affordability crises; metro areas like Seattle, THE POWER IS NOW MAGAZINE | FEBRUARY 2021
