It shows why the middle class is disappearing.

Part of the reason rents are high is because of low vacancies. However, more and more people cannot afford to buy a house, therefore keeping vacancies for apartments low.

So build a house and rent it out! you can make tons of money.!!!

Rent that does not exceed 25% of one's income has always been the optimum. At one time when people bought a house ,that was the requirement before a loan could be made. Then the bankers decided they didn't have to keep the loans so they could lower the requirement creating the housing bubble. Realistically young people starting out Sheriff Department and have two minimum wage jobs and only one bedroom. They make it for a little while and then move back in with their folks because they can't afford the electric bill. I'm Inland wage laws AR cruel and outdated. Only the rich Among Us are benefiting from them.

Housing is a resource and we are running out of it. It's another price of growth.

The difference between minimum wage and a living wage is that most people are excepting of the minimum vs a living