Will homes prices and rents rise?

[Lowexpectations]

Originally Posted by dreamofmonterey

Ridiculous.
There's no shortage of housing.

Take a drive through the south. There are abandoned homes and deserted Mcmansions everywhere.

Maybe a better way of saying it is that there is a shortage of housing where people actually want to live or can find employment

[Bill the Butcher]

Originally Posted by johnmanners

So, if rents are constantly rising along with other items as well and incomes are not then what is the end result? Ultimately there will be a point where nobody can afford to rent, or even live really...

Apparently that is when cities raise the minimum wage to $15/hr; see Seattle.

[jw2]

Originally Posted by Bill the Butcher

Apparently that is when cities raise the minimum wage to $15/hr; see Seattle.

And landlords will raise the rent more. See Seattle in a few years.

[Bill the Butcher]

Originally Posted by jw2

And landlords will raise the rent more. See Seattle in a few years.

And in a few more after that i suppose we will see $20 minimum wage.