Irrelevant to the point of being comical. "Price what the market can bear" is the cornerstone of real estate. And let's not forget about price as a function of

Irrelevant to the point of being comical. "Price what the market can bear" is the cornerstone of real estate. And let's not forget about price as a function of supply and demand. That is, wages will increase, and housing will gladly follow. $50 p/hr will get sucked up in no time - unless supply is increased significantly. $50 p/hr will increase what the market can bear; it's also increase demand (e.g., couple who couldn't afford to seperate will now do so). And so on. Time and again we see such manipulation go wrong (e.g., student loans and the cost of higher edu), and yet we keep dreaming that never time it'll be different. The naivete is embarrassing.