The issue is that you’ll just have an influx of the highest yield housing types. I think the best bet would be requiring a percent of your owned properties in a market, say 20%, to have rent not exceeding a cap tied to minimum wage. That’ll ensure at least 20% of the rental homes are at an affordable price for minimum wage earners, and open up the other 80% to be higher cost, better amenities, etc.
The issue is that you’ll just have an influx of the highest yield housing types. I think the best bet would be requiring a percent of your owned properties in a market, say 20%, to have rent not exceeding a cap tied to minimum wage. That’ll ensure at least 20% of the rental homes are at an affordable price for minimum wage earners, and open up the other 80% to be higher cost, better amenities, etc.
This adds additional nuance, and I like the idea. Thank you for taking my question seriously.
No problem! I always enjoy some good theorizing lol