this post was submitted on 29 Apr 2024
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I suspect that when the government implements things like universal basic income, rents will increase with that amount the next day.
Some argue of universal basic utility instead.
A huge majority of politicians are landlords. They’re more represented than mining, tech, forestry, oil, agriculture, or any other big industry lobby group.
Rents will rise, but it’s by design.
This doesn't happen where UBI has been put into practice, and only happens in theory if you assume housing demand is perfectly inelastic. That's why it's a common suspicion.
This why we need more supply