The hourly rate you need to afford a two-bedroom apartment in every state

[Brownshoe]

(06-08-2016, 04:16 PM)fredtoast Wrote: Again the increase would be so small it would have no effect on the market in general.  In fact I would bet that very few people making minimum wage are paying for housing without government assistance right now. The only difference is that more individuals would be paying for their housing instead of taxpayers footing the bill for them.

The difference between $15K a year and $20K a year will have zero effect on housing costs because those people can only afford the bare minimum and most people living in bare minimum housing get government assistance.

Do you really think that land lords are dumb enough to not raise housing prices to where they would be getting paid by the government and the renter still? If someone is paying 30% of their paycheck a month in rent and the government is paying the rest of the bill you know that the land lords will increase the amount to make the person be on government assistance, and still take 30% of their paycheck.