SANTA FE — The Santa Fe City Council voted on Wednesday to raise its minimum wage from $15 an hour to $17.50 in 2027, eliciting praise from workers’ rights advocates
It’s the exact same with 55+ communities and when social security goes up. Sure they can tie it to rent, but the problem is that the landlords will just siphon more out. It’s a very short sighted solution.
The next problem is corporate landlords charging so much for apartments.
These kinds of changes also have to come with price controls for it to work.
Unfortunately, rent control isn’t even allowed to be voted on in NM right now. It has to be voted on to be unbanned and then can be voted on to be implemented.
The landlords are going to have a field day with this. Cha-ching.
It’s the exact same with 55+ communities and when social security goes up. Sure they can tie it to rent, but the problem is that the landlords will just siphon more out. It’s a very short sighted solution.
The next problem is corporate landlords charging so much for apartments.
These kinds of changes also have to come with price controls for it to work.
Unfortunately, rent control isn’t even allowed to be voted on in NM right now. It has to be voted on to be unbanned and then can be voted on to be implemented.