3 ms·
I still think that until the real estate question is resolved it's all a moot point. Already-inflated property markets will just become more inflated.
by empressplay 11y ago
I still think that until the real estate question is resolved it's all a moot point. Already-inflated property markets will just become more inflated.
- crdoconnor 11y agoActually it will probably depress property markets. Our inflated property markets are caused by the ultrawealthy hoarding their wealth in property. A large dose of cost-push inflation will drain that wealth, causing them to sell off their property, causing the price of it to drop.
- empressplay 11y agoWhile what you say might be true to some extent, the upper-middle class will then have the additional UBI income with which to spend on buying property from those who are selling it. So while there may be less property hoarding on the extreme end and some selloffs, the drop caused by an increase in supply will be absorbed by an increase in what people are willing and able to pay in competitive markets.