Much of the world seems to have a housing crisis right now. I recall a few weeks ago there was discussion here about the housing crisis in Ireland. I'd say we have something of a housing crisis in many parts of the US as well. Not enough housing was built during and in the aftermath of the great recession - that seems to be how we've arrived at this problem. Housing is hugely expensive both to buy and to rent. It's taking a large bite out of budgets - that's the crisis. Something's gotta give.