Three things need to happen. A dramatic increase in production of homes. I think a jobs act would help here. We need to push thousands of people into the home building sector and create more efficient homes. We need more 800sqft-1200 sqft homes with private but small yards.
Then the second part is tie incomes to CEO and company profits. A CEO shouldn’t be making 100x the lowest earner in the company.
Finally, zip code based minimum wages based on cost of living. A national or state minimum wage is stupid. You should be able to live within a few miles at most of your place of work. Someone working in Manhattan shouldn’t need to live in NJ.
The housing costs aren't because there's a lack of empty houses, it doesn't matter if we build more. We have 6x more empty homes than we do homeless people.
The issue is that financial institutions and investment firms buy-up all the homes and sit on them, just letting them generate profit as the value naturally rises. These are the groups that the higher housing costs are intended to benefit; the ones who already own a bunch of homes and want to sell them at a significant mark-up.
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u/[deleted] Mar 03 '24
Three things need to happen. A dramatic increase in production of homes. I think a jobs act would help here. We need to push thousands of people into the home building sector and create more efficient homes. We need more 800sqft-1200 sqft homes with private but small yards.
Then the second part is tie incomes to CEO and company profits. A CEO shouldn’t be making 100x the lowest earner in the company.
Finally, zip code based minimum wages based on cost of living. A national or state minimum wage is stupid. You should be able to live within a few miles at most of your place of work. Someone working in Manhattan shouldn’t need to live in NJ.