How Jersey Suburbs Have Created A Housing Crisis


For Americans who own a home, the crisis brought on by the shortage of housing is a blessing, increasing home values by a staggering $6 trillion over the last two years.

For renters, and for those trying to buy a first home, it’s a curse. Housing costs now absorb more than half the income of 1 in 7 American renters, a new record. Shelters are overflowing, working poor families are crashing on couches of friends, and young people are staying in momma’s basement well into their 30s.

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