People will take the fact that there are more homes than homeless *within the boundaries of the USA* as evidence that there is no housing crisis *in specific cities of the USA.* Location matters!!
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This is why it's stupid to argue that "we have space" to allow sprawling development--plenty of places in the world have space, but nowhere in the world has teleportation: location will always matter, and there will always be an incentive for density!
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YOUR NEW ENGLAND PERSPECTIVE DISTORTS THE FACT THAT THERE ARE INCREASINGLY FEW JOBS FOR YOUNG PEOPLE IN URBAN CENTERS - NOT AN EXCUSE TO RELOCATE FOR OPPORTUNITIES BUT ALSO STILL A PROBLEM IN ITSELF
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That's a very different problem and moot to my point, which is that location of housing is as important or more so than the mere existence of it
End of conversation
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