The issue here is buying power is dramatically dropping which is a function of both wages and prices. Raising the minimum wage alone won’t fix that; instead, price controls will have to be implemented such that all housing is bought back down to prices that are satisfactory to consumers. That can’t happen without federal legislation.
The issue here is buying power is dramatically dropping which is a function of both wages and prices. Raising the minimum wage alone won’t fix that; instead, price controls will have to be implemented such that all housing is bought back down to prices that are satisfactory to consumers. That can’t happen without federal legislation.
Rent control is absolutely not the solution. Building more is the solution.
How about regulating all the big companies - prohibit sitting on apartments to drive up rents, limit Airbnbs,that sort of thing.
How would limiting housing get more housing, exactly?