Invisible forces are disrupting housing markets in most metropolitan areas, fueling the most acute housing crisis in a generation. As pandemic protections are lifted, many communities are anticipating waves of evictions and foreclosures. By one estimate, the U.S. has a shortage of more than 5.5 million units of housing.

Among these invisible forces is an explosion in short-term rentals, a shift to corporate ownership of rental housing, and a plague of global billionaires looking to park money in U.S. real estate markets. Put this on top of inequality-fueled gentrification and many cities have a full-blown affordability and supply crisis.

Read the full article at Sojourners.

Chuck Collins directs the Program on Inequality and the Common Good at the Institute for Policy Studies. Follow him on Twitter @Chuck99to1.

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