Why Low Wages Are Pricing Texans Out of Homes | Intege Realty
Posted by Jolene Weinstein on
Wages & Housing: Why Texas Needs a Modern Minimum Wage Policy
In real estate, we talk a lot about affordability. Home prices, interest rates, and property taxes are driving up costs and making homeownership feel out of reach. But one major factor that often gets left out of the conversation is wages.
This morning, I had a huge eye-opener as I was posting the Federal Minimum Wage Poster on our Intege Help Center site, as required by federal law. I was horrified, and honestly saddened, to be reminded that the minimum wage in Texas is still $7.25.
That hasn’t changed since 2009. I don’t think you can even drive through a fast-food restaurant and get a meal for $7.25 anymore.
For the average Texan dreaming of homeownership, stagnant income is…
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