This has happened a few times and I don't know how to diagnose the issue. Below is the code which is as simple as I can get to reproduce the problem.
The vertical spaces between a lot of the lines is far too large suddenly. Removing something like the title or the description environment suddenly fixes it. I cannot target the problem.
\documentclass{amsart}
\usepackage{amsthm}
\usepackage{amsmath}
\usepackage{amsfonts}
\usepackage{amssymb}
\newenvironment{problem}[2][Problem]{\begin{trivlist}
\item[\hskip \labelsep {\bfseries #1}\hskip \labelsep {\bfseries #2.}]}{\end{trivlist}}
\title{title}
\author{author}
\begin{document}
\maketitle
\begin{problem}{2.32}
Suppose that $\mu(X)<\infty$. If $f$ and $g$ are complex-valued measurable functions on $X$, define:
\[\rho(f,g) := \int\frac{|f-g|}{1+|f-g|}\,d\mu.\]
Show that $\rho$ is a metric on the space of measurable functions if we identify functions which are equal $\mu$-a.e.. Moreover, $f_n\to f$ with respect to $\rho$ if and only if $f_n\to f$ in measure.
\end{problem}
\begin{proof}
First we need to show that $\rho(f,g)<\infty$ and that if $f$ and $f'$ are equal $\mu$-a.e., then $\rho(f,g) = \rho(f',g)$. Note that the integrand of $\rho$ is bounded above by 1 and $X$ is of finite measure, thus $\rho(f,g)$ is finite for any $f$ and $g$ (being bounded above by the integral of $\chi_X$). Then note:
\[|f-g| = |f-g| + |f'-f| \geqq |f-g+f'-f| = |f'-g|, \text{ $\mu$-a.e.},\]
and similarly, we can get the opposite inequality by swapping roles of $f$ and $f'$. Thus $|f-g| = |f'-g|$, $\mu$-a.e. and then the well-definedness of $\rho$ follows as the integrands of $\rho(f,g)$ and $\rho(f',g)$ are $\mu$-a.e. equal.
Now to prove that it is a metric:
\begin{description}
\item[Indiscernibility] Note that if $f=g$ $\mu$-a.e., then clearly $|f-g| = 0$ $\mu$-a.e., and hence $\rho(f,g)$ is the integral of a $\mu$-a.e. zero function---hence it is zero. On the other hand, if $\rho(f,g) = 0$, then we know that the integrand (being in $L^+$) is zero, $\mu$-a.e.. Thus $|f-g|$ is zero, $\mu$-a.e. and thus $f=g$ $\mu$-a.e.. Hence:
\[\rho(f,g) = 0 \iff f = g, \mu\text{-a.e.}.\]
\item[Symmetry] Note that $|\cdot-\cdot|$ is symmetric, and thus $\rho$ inherits this symmetry as the integrand is symmetric in $f$ and $g$. It also might be worth mentioning that the integrand is positive, so $\rho\geqq 0$.
\item[$\blacktriangle$-inequality] Note\footnote{Meanwhile also noting that $0\leqq x<y\implies \frac{x}{1+x} < \frac{y}{1+y}$. To deduce this, just take its derivative to note it is increasing.}:
\begin{align*}
\rho(f,h)
&= \int\frac{|f-h|}{1+|f-h|}\,d\mu\\
&= \int\frac{|f-g+g-h|}{1 + |f-g+g-h|}\,d\mu\\
&\leqq \int\frac{|f-g| + |g-h|}{1 + |f-g| + |g-h|}\,d\mu\\
&= \int\frac{|f-g|}{1 + |f-g| + |g-h|}\,d\mu + \int\frac{|g-h|}{1+ |f-g| + |g-h|}\,d\mu\\
&\leqq \int\frac{|f-g|}{1 + |f-g|}\,d\mu + \int\frac{|g-h|}{1+ |f-g|}\,d\mu\\
&= \rho(f,g) + \rho(g,h).
\end{align*}
\end{description}
\end{proof}
\end{document}
A comparison of before and after commenting out the \maketitle:

Maybe it has something to do with page breaks...?
aligndoesn't break across the page boundary by default. To have this happen, add\allowdisplaybreaksto your preamble (or somewhere where you want this to happen). The following is a reference: Is it possible to pagebreak aligned equations? (different question, same solution; possible duplicate). – Werner Oct 25 '19 at 05:36