Minimum Wage and no cap on rent for housing

* Rising Costs: In areas without rent caps, rent increases have outpaced wage growth in 80% of markets, according to 2024 data. * Impact on Renters: The absence of rent caps allows for sudden and steep rent hikes, forcing many low-income earners to spend over 50% of their income on housing, leaving little for food or healthcare. * Investor Activity: Rising housing costs are partly attributed to increased purchases by investors, reducing the availability of affordable rental