Ask HN: What should be the minimum wage in the Bay Area for affordable housing?

so that regular people can afford housing in the Bay area.

How much does the average home cost in the Bay Area?

About a million dollars

How much do you need to get a million dollar loan?

For a $1 million home, a 20% down payment would be $200,000.

How many hours is it legal to work per year in the bay area?

35 hours/week * 52 weeks/year = 1,820 hours/year

What should be the minimum wage then?

$200,000 / 1,820 hours = approximately $109.89 per hour

Can you explain the flaws in my reasoning?