Housing affordability issues are indeed across the whole US if you include local wage rates in the equation. The middle class simply can no longer afford the sa

Housing affordability issues are indeed across the whole US if you include local wage rates in the equation. The middle class simply can no longer afford the same housing as they could on a single earner wage as they could when tax rates on the rich were 70%. A lot of the problem is hedge funds grabbing up huge numbers of houses across the country and then jacking up the rents using collusion through software. At a 70٪ tax rate that money to grab up so many properties wouldn't even be there. https://arstechnica.com/tech-policy/2022/10/company-that-makes-rent-setting-software-for-landlords-sued-for-collusion/ https://arstechnica.com/tech-policy/2022/10/company-that-mak...