A strong economy causes an increase in the demand for housing; the increased demand for housing drives real-estate prices and rentals through the roof. And then affordable housing becomes completely inaccessible.
Meaning of the quote
When the economy is doing well, more people want to buy or rent homes. This high demand causes house prices and rent to skyrocket. As a result, affordable housing becomes very difficult for regular people to find and purchase.
About William Baldwin
William Baldwin is an American actor and the second-youngest of the four Baldwin brothers. He has starred in various films, including Flatliners, Backdraft, and Virus, and has also appeared in the Netflix show Northern Rescue. Baldwin is married to singer Chynna Phillips.
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A strong economy causes an increase in the demand for housing; the increased demand for housing drives real-estate prices and rentals through the roof. And then affordable housing becomes completely inaccessible.
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