If everyone is paid more but the housing supply remains limited housing prices will simply increase further.
My friend in California makes twice as much as I do on the east coast. I can afford a home and he can’t.
Supply and demand. Housing prices will only go down when there is significant excess supply.
If you want to help homelessness build more housing. Not specifically low income housing, just lots of housing. No it is not going to help the people living on the street right now, but it is the only real solution.
My friend in California makes twice as much as I do on the east coast. I can afford a home and he can’t.
Supply and demand. Housing prices will only go down when there is significant excess supply.
If you want to help homelessness build more housing. Not specifically low income housing, just lots of housing. No it is not going to help the people living on the street right now, but it is the only real solution.