> Somehow we can spend trillions on bailing out businesses and corporations yet we can't muster the strength to build additional housing?

Government "strength" doesn't encourage new buildings, it discourages it. It's extreme regulations which makes building houses expensive and unappealing for investors. So, a big rise in rents and housing prices is required to make it appealing again... which is happening... but it doesn't mean the rent is going to go down in the future.