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> The standard measure is that your rent should be no more than 30% of your income, but for poor people it can be 70% or more. [...] Money from government progr
by vorg 11y ago
> The standard measure is that your rent should be no more than 30% of your income, but for poor people it can be 70% or more. [...] Money from government programmes intended to help the poor – welfare, disability benefits, the earned-income tax credit – go straight into the landlord’s pocket and, ironically, fuel rising housing costs.
In these types of economies (the US, Australia, etc), a Universal Basic Income would just make rents go up, just like easy 95% equity loans made house prices go up.