The Catholic Church cannot duck out of the cost-of-living crisis impacting people across the developed world. The problem today does not only afflict densely-populated countries in Europe, but increasingly major metropolitan areas in North America and Australasia as well. The upshot is the delay of family formation, in many cases worsening an already-declining fertility rate, while delaying other rights of passage of adulthood. In other words, the housing crisis is becoming a cultural and spiritual crisis, and one certain to foster intergenerational and interethnic resentment if not remedied.