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A comment on Dan Price says raising min wage to $70k led to baby boom, revenue rise. Parent comment

Re:Dan Price says raising min wage to $70k led to baby boom,... by ceejayoz on Wednesday September 15, 2021 @02:54PM (#28542890)
To some extent, yes. It's fairly illiquid, and unless you're willing to be homeless, move from the city to a rural area, or take a serious cut in living style, you're likely going to need to buy a replacement at similar cost.

It's certainly not the same thing as having that wealth in the bank, or as stocks.

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Re:Dan Price says raising min wage to $70k led to baby boom,... by annoyingnoob on Wednesday September 15, 2021 @07:49PM (#28546009)
It does help with loans.
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Re:Dan Price says raising min wage to $70k led to baby boom,... by ceejayoz on Wednesday September 15, 2021 @09:04PM (#28546627)
If I take a $100k loan, my wealth doesn't go up $100k.
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Re:Dan Price says raising min wage to $70k led to baby boom,... by annoyingnoob on Wednesday September 15, 2021 @10:20PM (#28547183)
To the OP's question, the value in a home is not an illusion if you can do things like borrow against it.
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