[rand49an]

> I know people that don't think raising the minimum wage basically just causes inflation. They're just wondering why apartments in undesirable areas became 3x more expensive when minimum wage went from $5 to $15.

That's a pretty poor example though as there are many factors that contribute to property prices and there isn't just a mechanical link between wages and house prices.

[amanaplanacanal]

Low interest rates probably have a much greater effect, given that most people aren’t buying houses with cash.