You'd think falling housing prices might help people on low incomes, but history shows downturns often increase inequality. And many buyers who took out big loans during the housing boom are at risk.
Now is the time for a two-pronged strategy to ensure everyone has a home: a spot-purchasing program to find homes for people now in emergency accommodation, followed by social housing construction.
From Berlin to New York, citizens from around the world have shown that it is possible to get governments to make affordable housing a priority.
For a nation in the grips of a housing crisis, you'd expect high-rise developments to be good news – unfortunately not.
Inclusionary planning schemes can reduce land costs and ensure that affordable homes are well located near jobs and services.
Retirees are often urged to downsize to free up suburban properties for the next generation and for higher-density development. What's being ignored is the costs of moving into a unit or apartment.
Older Australians are keenly aware of the housing challenges they face, but most are wary of co-housing due to the negative associations of shared living spaces.
It's time for the regions to step up...
A combination of transit-oriented centres, inclusionary zoning and a special rate on land instead of stamp duty could make housing more affordable by cutting congestion, development and travel costs.
Clue: the UK needs to get over its obsession with home ownership.
Have you thought about usable space, re-engineering, structural integrity, contamination, insulation and comfort? If not, you need to before jumping into building a home from shipping containers.
The housing crisis has scuppered home ownership dreams for many across the UK, but there is another way to do things.