There would be competition to stop rents and real estate from going up to compensate. It may or may not be sufficient. Note that it is not merely a question o

There would be competition to stop rents and real estate from going up to compensate. It may or may not be sufficient. Note that it is not merely a question of competition of perfect substites. An apartment competes with a house, but also with a shared apartment, with living with family, with leaving the area. And note that a Basic Income quite directly increases the supply of "housing near some source of income".