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The same thing that stops them now. If you back the rent up people move to a competitor who's not doing that. Rent is not solely based on how much you can affor
by eloff 7y ago
The same thing that stops them now. If you back the rent up people move to a competitor who's not doing that. Rent is not solely based on how much you can afford. It's supply and demand.
- realbarack 7y agoSure, I guess I worry that whatever mechanism caused rents to increase substantially faster than CPI [0] might be accelerated by UBI. [0] https://fredblog.stlouisfed.org/2019/04/the-climbing-cost-of-renting/?utm_source=series_page&utm_medium=related_content&utm_term=related_resources&utm_campaign=fredblog https://fredblog.stlouisfed.org/2019/04/the-climbing-cost-of...
- malandrew 7y agoSure, but that only applies in markets that aren't supply constrained due to myriad bad policies. https://techcrunch.com/2014/04/14/sf-housing/ https://techcrunch.com/2014/04/14/sf-housing/