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Significance

Voters increasingly associate homelessness with two other political issues: concern about immigration and a perception that urban crime is increasing. This is complicating efforts to tackle a problem that has lack of clear housing policy as a central cause.

Impacts

Housing, immigration and crime are overshadowing record low unemployment as issues in the midterms.

The US shortage of affordable housing gives Biden an opportunity to set up a commission of inquiry by executive order.

Because inflation is increasing rents and housing costs, Biden will welcome the Fed’s resolute strategy for raising interest rates.

The vitality of cities as centres of innovation and creative energy is fading, without obvious alternatives becoming evident.

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