Part 4/9:
The dire supply of housing has reached an all-time low, with a mere 1.4% vacancy rate — the lowest recorded since the 1960s. As well as driving up costs, this limited availability significantly impacts the city's capacity to provide affordable housing options. Critics argue that while leaders are embroiled in bureaucratic disputes, they fail to implement effective solutions to the housing crisis. Furthermore, many proposed measures may inadvertently worsen the situation.