Or, you know, just start letting people build housing. I’m looking at you, SF. Home owners have been blocking any new housing and the property pieces skyrocketed.
I don’t think housing prices are justified, which is why not everyone can afford to own. I’d rather build so much housing it crashes the market in all of the cities so that everyone can afford a house on their current salary. It doesn’t make sense to suggest to increase everyone’s wages so more money is chasing the same amount of housing, that would only increase housing prices
If houses would not cost unreasonable amounts then a normal salary would be able to afford one. You can’t demand a salary that can afford a house because houses are NOT reasonably priced, so your demand is not a reasonable one either
When did a living wage become “buy real estate” wage? A house in my area is two million dollars. So you guys really want everyone to become a millionaire, huh?
Median weekly earnings of full-time workers were $1,118 in the third quarter of 2023. That means half of all people make above this and half make below.
Most people’s problems would NOT be solved if $1,100 went up to say, $1,300