3 ms·

I feel like a lot of the universal income would be lost to rent increases that seem likely to happen. It's really hard to predict the actual outcome though. W

I feel like a lot of the universal income would be lost to rent increases that seem likely to happen. It's really hard to predict the actual outcome though. Would be an interesting experiment.

rm_-rf_slash 11y ago
The alternative result could be construction in very cheap housing given the predictable price floor for 100% of the population. If you can be sure your tenants will pay rent then you will want them at your building. The low-medium quality housing stock may suffer as the people on minimum income could be priced out while those who work may want fancier digs.
- thaumasiotes 11y ago
  > If you can be sure your tenants will pay rent then you will want them at your building. And this would be true, if the basic income program provided a way for your landlord to receive your basic income on your behalf, garnish it, and turn it over to you. I've never heard that proposed, and don't expect to.
  - rm_-rf_slash 11y ago
    I never suggested anything like this. What I meant to illustrate was a condition where a landlord could predict the amount of rent they could charge given the cost of living and expected minimum income. If a tenant was getting minimum income and wasting it on booze and such and came up short for rent, you could kick them out, knowing that a more responsible tenant could fill the space (unless you have like 0% vacancy)
kawsper 11y ago
Why would the rent increase? The rent is actually somewhat controlled in Denmark as well.
- thaumasiotes 11y ago
  Because people would have more money.
  - eanzenberg 11y ago
    Not more money but more inflation. Since no intrinsic value is created, the value of the dollar would decrease as more dollars flood the area.
- Kalium 11y ago
  If there is a greater demand for units than supply, price is set by the top N buyers. If you boost everyone's spending power above that price without increasing supply, market forces will tend to raise the price until it's affordable only to the top N again. In housing, this means that you can boost people's spending power to help them afford rent, but you also need to build more units or you're just going to fuck everything up.

I feel like a lot of the universal income would be lost to rent increases that seem likely to happen. It's really hard to predict the actual outcome though. Would be an interesting experiment.

rm_-rf_slash 11y ago

The alternative result could be construction in very cheap housing given the predictable price floor for 100% of the population. If you can be sure your tenants will pay rent then you will want them at your building. The low-medium quality housing stock may suffer as the people on minimum income could be priced out while those who work may want fancier digs.

thaumasiotes 11y ago
> If you can be sure your tenants will pay rent then you will want them at your building. And this would be true, if the basic income program provided a way for your landlord to receive your basic income on your behalf, garnish it, and turn it over to you. I've never heard that proposed, and don't expect to.
- rm_-rf_slash 11y ago
  I never suggested anything like this. What I meant to illustrate was a condition where a landlord could predict the amount of rent they could charge given the cost of living and expected minimum income. If a tenant was getting minimum income and wasting it on booze and such and came up short for rent, you could kick them out, knowing that a more responsible tenant could fill the space (unless you have like 0% vacancy)

kawsper 11y ago

Why would the rent increase? The rent is actually somewhat controlled in Denmark as well.

thaumasiotes 11y ago
Because people would have more money.
- eanzenberg 11y ago
  Not more money but more inflation. Since no intrinsic value is created, the value of the dollar would decrease as more dollars flood the area.
Kalium 11y ago
If there is a greater demand for units than supply, price is set by the top N buyers. If you boost everyone's spending power above that price without increasing supply, market forces will tend to raise the price until it's affordable only to the top N again. In housing, this means that you can boost people's spending power to help them afford rent, but you also need to build more units or you're just going to fuck everything up.