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Ignoring the trillions of dollars that would cost, what makes you believe that housing costs wouldn't inflate dramatically? Supply isn't magically going to boom
by EpicEng 7y ago
Ignoring the trillions of dollars that would cost, what makes you believe that housing costs wouldn't inflate dramatically? Supply isn't magically going to boom and people all of a sudden have more spending power.
- JoshTriplett 7y ago> Ignoring the trillions of dollars that would cost (Most reasonable proposals I've seen for UBI include an assumption, stated or unstated, of drastically reduced administrative costs and costs of numerous other more specific programs for both aid and employment. And that also ignores other secondary effects. For the moment, let's treat that as a tangent, please, though.) > Supply isn't magically going to boom Not overnight, no. And not without some fixes in housing regulation. (That's also another reason to avoid indexing it to ridiculously-high-cost-of-living areas.) But in general there's no fundamental reason supply can't increase to match demand. Also, right now supply has a massive constraint created by "proximity to work". If people have a lot more flexibility about where and how they work, the economics of "where do people live" changes drastically.