Inequality is another issue. Even with enough homes, if they are all owned by minority of the population who extract rents from the rest the situation remains pretty dire.
In housing, you have many people struggling to afford to buy anything at all, while investors buy up multiple properties or drive prices for even modest residences into the 7-figure range in some areas.
Essentially, unequal societies bifurcate, and while the vast majority of people have to go without the resources they need to lead fulfilled and dignified lives, a small minority of elites put more and more resources towards trying to eke out smaller and smaller advantages against each other.