The only way to stop the housing crisis is by law. The market won't regulate itself for the benefit of the majority.
The top 10% earners of the working force, never mind the 1%, have it too easy to save money, because they earn so much more than the minimum required for a living. While the opposite happens to the bottom 70% earners of the workforce, pretty much surviving on the same wages since the 70s. (remember in the 70s, even a shoe seller (Al Bundy) was able to buy his own 2 story house)
Buying houses for rent is the easiest way to make money, so all those in the top with money to spare, will keep buying houses just because they can, inflating the market for ever.
Housing laws needs to be improved according to the recent times. Either by taxing the shit out of those who own a lot of properties (3+) or simply by putting a limit on how much houses you can own.
Next decades gonna be fun.