'We simply haven’t built enough new housing'

A view of a co-op apartment building with rooms available in Brooklyn, New York.

Some 'models of rent caps and homeownership are already working around the world'

(Image credit: Yuki Iwamura / Bloomberg via Getty Images)

published 18 September 2024

'Our solution to the housing crisis'

Alexandria Ocasio-Cortez and Tina Smith at The New York Times

It's "becoming nearly impossible for working-class people to buy and keep a roof over their heads," and Congress "must respond with a plan that matches the scale of this crisis," say Rep. Alexandria Ocasio-Cortez (D-N.Y.) and Sen. Tina Smith (D-Minn.). Instead of "treating real estate as a commodity, we can underwrite the construction of millions of homes and apartments that, by law, must remain affordable." These "models of rent caps and homeownership are already working around the world."

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Justin Klawans has worked as a staff writer at The Week since 2022. He began his career covering local news before joining Newsweek as a breaking news reporter, where he wrote about politics, national and global affairs, business, crime, sports, film, television and other news. Justin has also freelanced for outlets including Collider and United Press International.