The housing crisis isn’t unique to coastal megacities. From Salt Lake City to Charlotte, rent prices are surging. What can policymakers do to provide some relief? A new study published in the Journal of Urban Economics shows that in states that raised their minimum wage, rental defaults declined by 10.6 percent. However, it didn’t take long for landlords to begin increasing rent.
Click here for original story, Missed rent payments dropped 10.6% in states that raised minimum wage
Source: Phys.org