Transcript
A tweet saying "100k a year to take someone's order at Taco Bell . Totally makes sense.". It has a reply saying "Where the hell did you get that number? If someone's working enough hours to make that on $15 an hour, they deserve it. $15 an hour, a person working 40 a week makes $31,200 a year." the reply has 2 likes.
Apparently
I wouldn't go quite that high right off the bat, but...
Just peg a full time, min wage, locally (metro area locally), to ~~1/3~~ 3x (EDIT, whoops, mathed backwards) the median price of renting a studio apartment.
Would this be an economically perfect policy?
Fuuuuck no.
Would this actually enable, at least theoretically, an 18 yo kicked out of the family house upon high school graduation, as is the cultural norm in most of America, to actually be at least theoretically capable of providing for themselves and starting their own life?
Again, assuming jobs actually exist, yes.
This would be the bare minimum needed to make the insanely out off touch asshole boomer logic even mildly line up with reality.
...
For my next policy:
All those with student loan debt, where those students were goaded into that student debt by their parents saying they'd never have a good paying career without a college education, where those students have also been underemployed (a job or jobs not actually crtitically reliant on their degree) for a period of 5 years or more...
Congrats students! That debt is now dischargable in a bankruptcy, and it becomes the responsibility of said parents, for whom it is not dischargeable in bankruptcy.
Unrealistic?
Yes.
Fundamentally legally impossible?
Also probably yes.
... Morally correct, in spirit?
Oh, oh hell yes, yes.
...
For my third policy:
Graduated municipal landlord taxes based on how much a landlord charges a rental tenant for rent, in addition to existing property taxes.
If you are renting out a property for say, double area median rent for comparable sq ft, num bedrooms, etc? Well, now the landlord pays additional tax on that exorbitant rent.
Doesn't totally murder the profit motive, but highly disincentivizes putting high value homes and condos on the market for rent (and would thus incentivize putting them on the market actually for sale, at a reasonable price), incentivizes building modest new apartment buildings instead of only 'luxury' apartments.
All the proceeds of this tax of course go into funding housing subsidies for the poor, or directly building new, municipally operated, non profit apartment complexes.
... Just play the uno reverse card on the landlords, tax their rent extraction.
I assume you mean 3 times the cost of a studio apartment, not 1/3, unless you think every minimum wage worker should be sharing their studio apartment with 5 other roommates.
Ah, yes, it was near midnight when I made that post, I may have gotten the 'rent should be 1/3rd your income' rule backwards or inverted, or otherwise phrased clumsily!
This is the crux of the answer if you want to solve housing prices, it doesn't really matter how you pay for it...but I like your way of paying for it