Short spoken commentary arguing that the U.S. housing affordability crisis is not primarily a minimum-wage problem but a broader income problem. The speaker (a developer) says developers can only do so much to lower prices and that middle- and blue-collar populations can no longer afford new houses, suggesting attention should shift to raising incomes broadly.
There needs to be an increase in income for the population of this country that keeps up with the housing that are out there. Even with developers like us that are trying to bring housing prices down and kind of keep it affordable we can only do so much. And I think that has been lost on a lot of people that talk about this affordability crisis that we're in is they're only looking at it from the developer side. Oh we're greedy. We're not greedy but we need to make money. But there is that other prong that I think a lot of people look over and you hear them talking about minimum wage and stuff like that. And this isn't a minimum wage issue. This is an income issue for, for the general population because the general population for the most part the affordability has escaped them. Even the general population, your middle class, your, your, your blue collar, you can't afford to buy a new house anymore nowadays.
“Grit is Good” and How to Keep Getting up When Your Business Gets you Down
