I live just outside Minneapolis. There's an absolute glut right now of largely unoccupied apartments that have sprung up in the last couple years anywhere there was an open lot and many places there wasn't - tearing down a number of historic buildings in the name of cheaply built wooden framed apartments. Well over 100 new buildings in the last five years within a 10 mile radius. Most of them cost more per month to live in than my monthly home payment. I frankly don't understand why someone who could afford to live in them would.

The homelessness problem is also visibly the worst it's been in my lifetime.

I'm genuinely doubtful the problem is lack of housing alone. The person curled up under the bridge, the person screaming on the corner, they need more than another apartment they still can't afford added to the world. That doesn't help them.

No matter how many of these luxury apartment buildings you build, these people can't afford the rent. The owners of the buildings would seemingly rather see them sit at quarter occupancy than lower rents, and it's kind of understandable.

We're drowning in unaffordable housing and people are still homeless.