Thanks to The Fed-inspired fast-money flood driving up asset prices, owning or even renting a home has become unaffordable to most [2]. Working a 40-hour-week, a single-earner in D.C. would need to be paid a $28.25 minimum wage for afford to rent a home... and if you live in California (and earn minimum wage), you will need to work 18.6 hours-a-day, 7 days-a-week to afford rent. Thank you Ben and Janet...
Of course, if you rent, you have flexibility... perhaps move to Montana instead of earning minimum wage in California or D.C.
[3]
