Part 2/7:
To grasp the severity of this trend, it is essential to understand the current economic landscape. Over the past few years, rent prices have surged, with a report noting an alarming increase of more than 23% since 2019. In the United States, the average monthly rent for a one-bedroom apartment is close to $1,700, while two-bedroom apartments can cost around $1,900. This trend mirrors that of neighboring countries like Canada, where one-bedroom apartments are priced over $1,300. Meanwhile, the U.S. Department of Housing and Urban Development indicates approximately 582,000 Americans experienced homelessness in 2022, illustrating that the struggle for affordable housing is widespread and not confined to any single area.