Why don't many politicans consider the price of RENT. [View all]

[FreshStart1]

36% of people rent their home, apartment, etc.

Using data for my state, in 1970, median gross rent was $99 a month.
Minimum wage was $1.45/hr in 1970.

This means one needed to work 68.3 hours to afford an apartment.

Today, the median gross rent is $1,075 in my state. Using the state minimum wage of $7.25 an hour, one needs to work 148.3 hours to afford an average apartment.

This means rent has DOUBLED against wages for most people.

Even if you take a "fair" wage of $15 an hour, you would STILL need to work about 4 more hours than someone did FOR MINIMUM WAGE to afford an apartment in 1970.

This really is a BIG problem, and a lot of politicians on both sides seem to not care about housing costs. Minimum wage would not be as big of an issue if rent was cheaper.

Since a lot of places want 3X rent as income, rising rent prices will soon make a lot of people ineligible to rent.