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I think you are on the right path. I've seen the arguments that "minimum wage" should be able to afford a median priced 2BR apartment (30% of income). Then who rents the bottom third apartments? I'm all for a bottom tier safety net to keep people off the streets.

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We've decided servicing slumlords' profit margins is now a societal goal?

Only when we forget that affordable housing is also in those lower brackets.

So now, as a society, we've decided that slumlords are the key to affordable housing? I swear if the bar gets any lower someone's going to have to rent an excavator to dig the hole.

slum lords, as in government housing like NYCHA?

Clearly not, although there's an entire other conversation to be had about the state of play of government housing.

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