Housing in the US is too expensive, too cheap, and just right. It depends on where you live.
Housing costs are an immediate concern to many U.S. families and to policymakers. If people spend “too much” on housing (defined by HUD as more than 30 percent of their income), they may not be able to afford other necessities, such as food or health care. Cities and towns with high housing costs are particularly tough for young families, who tend to have lower incomes and wealth. Conversely, communities with unusually low housing prices can also be problematic, especially for long-term homeowners, who rely on housing wealth to pay for their children’s education or to supplement retirement savings.