Is there really a housing shortage — or do we just have a lot of wealthy people buying up all the good stuff? Joe and I also help a woman simplify a $1.5 million portfolio she’s managing on her own for the first time. Key TakeawaysHousing Shortage Estimates Vary Wildly by Methodology: Estimates range from 1.2 million to 10 million units depending on the data source and whether uncounted “household formation” is included, but every major estimate agrees a real shortage exists — with a rough consensus around four to five million units nationwide. Estimates range from 1.2 million to 10 million units depending on the data source and whether uncounted “household formation” is included, but every major estimate agrees a real shortage exists — with a rough consensus around four to five million units nationwide. (01:41) Is America’s housing shortage actually real?