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This would only work in places where supply exceeded demand. In a landlords' market there is no reason to compete. All the same people who could afford to rent
by empressplay 11y ago
This would only work in places where supply exceeded demand. In a landlords' market there is no reason to compete. All the same people who could afford to rent from you before can still afford to rent from you now, you're just charging them more.
- AlisdairO 11y agoBasic income could have the effect of flattening out demand rather - at the moment, people are forced to cluster close to where the work is available. If I want to just live on basic income, why not go somewhere more affordable?
- empressplay 11y ago...and all of a sudden these places that were previously unattractive are now attractive, and housing that previously had no demand now does. The point I'm trying to make is that it's not as simple as some might like to think.
- AlisdairO 11y agoI take your point, but if we remove the requirement for jobs to be present, a much larger range of locations become reasonable to live in. A broader range of acceptable locations spread amongst the same population is clearly likely to decrease overall competition for a given property.
- panic 11y agoImagine two cities, Fortyville and Hundredsixton. In Fortyville, people make an average of $40,000 a year, while in Hundredsixton, the mean annual income is $160,000. Would you expect the average rent for a room in Hundredsixton to be $10,000/month higher than the average rent in Fortyville? That isn't what happens in practice; rent doesn't go up one-to-one with income.