Imagine that a landlord that wants $3000 a month for their 2 bedroom apartment (what I pay) has to find a tenant that makes $9000 a month in order to charge that. If they find one? Good for them! But if they can't find a tenant who makes $9000 a month and wants to live in your average 2 bedroom apartment, then they have to reduce rent until they find someone making 3x the rent who wants to live there. I know there are many reasons why this is impractical and unless the landlord's costs are also tied to what the landlord earns in rent, it only favors renters. But man, imagine a situation where max you pay 1/3 of your take-home pay for rent. My parents lived in a world like that in the 1960s. Then they bought a house for $20,000 while they earned a combined $12,000 a year and their mortgage payment was roughly $100 a month. They had SO MUCH extra money after paying their basic costs of living. They were able to save money, go on vacations. Eventually they bought a bigger house for $100,000 ten years later, which is now worth $3,000,000 with no upgrades of any kind since they bought it. Imagine the economy just working for you, so that even the smallest investment or hard work actually paid off! Those people, like my parents, now own all the buildings amd houses, have jacked up the rents and the sales prices, and make their retirement off of the backs of the working people who are held in limbo, unable to save money or move forward economically because the elderly elite class leeches off of them in a desperate attempt to preserve the prosperity they had when they were young. Which no longer exists for anyone. The geritocracy extends through all aspects of our political and economic system and only benefits the elderly elite and their offspring. Rent should be tied to average wages in the area in which the property exists.