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Biden says he can fix America's housing affordability crisis. Will it work?

·1 min

Americans are currently facing the worst housing affordability crisis in decades. The problem has been ongoing and is not easily solvable. During the State of the Union address, President Joe Biden proposed a plan to address the issue. His plan includes several actions such as introducing tax credits for middle-class homebuyers and homeowners and calling on Congress to pass legislation to build and renovate more homes. The goal is to increase the number of homes available and lower housing costs. However, critics argue that the plan may only worsen the problem by creating more demand without addressing the shortage of homes in the market.