We honestly should just replace every single fixed dollar amount in every law with an algebraic formula. It’s ridiculous that we design laws to become dated and require replacement.
Minimum wage should be tied to worker productivity, and wealth tax should be tied to the median personal income, including that of non-working adults. Welfare programs should be tied to regional cost of living. Limits on rent should be tied to changes in regional median income.
We’re already tracking most or all of that data anyway, might as well put it to maximum use.
Well, on the bright side, the housing market will collapse in the next few decades as boomers die off/move to retirement homes, leaving a massive glut of housing (unless it all gets bought up by corporations). That’ll cause its own set of issues, but ample housing would certainly go a long way.