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If you don't solve for affordable housing first, then basic income dollars will simply be sucked up by landlords and contribute to even more inflationary pressu
by nugget 8y ago
If you don't solve for affordable housing first, then basic income dollars will simply be sucked up by landlords and contribute to even more inflationary pressure in the rental markets. There's already evidence for this in neighborhoods where Section 8 vouchers are predominant.
- scotty79 8y agoThat's why I think basic income should be financed by progressive property tax. It should quickly progress so that you have to sell your eleventh house to pay annual tax for tenth and to count your properties you should include the ones you own directly but also the ones owned by entities you own. This tax would be even good if the money gathered was used for any purpose other than basic income. It incentivises ownership by dropping property prices and discourages rent seeking hoarding of finite and basic resource.
- deleted 8y ago[deleted]
- ZainRiz 8y agoBut there is affordable housing. The only problem is that the affordable housing is not in the big cities that those people would like to live in. Go to a smaller town and housing is pretty cheap there. If you get a larger influx of people moving there because of cheap housing, then those cities will suddenly have more job openings available because they have to meet the needs of more people.
- manicdee 8y agoEspecially when the (jobless) renter is getting $1000 a month but is only spending $600 on rent. That's $400 a month per new renter that is going into the local economy through grocery stores, bars, and public transport. That's new jobs being created.
- hollandheese 8y agoWhat small town would that be? Definitely not one on the West Coast. It's around $1000 for a one bedroom here in Humboldt County, and at least $350,000 for a decent 3 bedroom house.