Housing Affordability Crisis Looms Large in 2024 Election as Americans Feel Stuck
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Housing affordability is a top issue influencing how people will vote in the 2024 presidential election. Over half of homeowners and renters say it is affecting their vote.
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High home prices and mortgage rates have put homeownership out of reach for many Americans, making them feel "stuck".
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Those who own homes have seen wealth gains from rising prices, but renters feel priced out of being able to buy.
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Neither Biden nor Trump have done much substantively to address housing affordability issues.
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There is a critical shortage of 2-7 million homes nationwide, so building more affordable housing is key to fixing the problem long-term.