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UBI removes the geographical constraints that have been distorting the US housing market. There are plenty of areas in the country that would gladly absorb exce
by qqqwerty 7y ago
UBI removes the geographical constraints that have been distorting the US housing market. There are plenty of areas in the country that would gladly absorb excess housing demand, but the lack the jobs and economic prospects of those areas make it difficult under current circumstances.
- MR4D 7y agoThis makes no sense. For example, even with UBI, a startup will still tend to want to locate in Silicon Valley than in, say, Amarillo Texas. The sheer ability to grab a drink with someone who can change you life in tech does not exist in the same proportion in Amarillo as it does in Silicon Valley. Hence, housing prices will differ. This is also why there are more oil companies in Houston than in Atlanta, despite the roughly same size metro area.
- akvadrako 7y agoRight - UBI could be one of the best solutions to the housing issue. It would be even better combined with another libertarian idea, land value tax.
- ukabwlsbeux 7y agoIf people are moving to areas that lack jobs and economic prospects, because they can survive on UBI, you’ve just burdened a bunch of small towns with people who aren’t interested in making more money. Towns need tax revenue, which doesn’t come in sufficient quantity from people happily volunteering on a UBI wage.
- qqqwerty 7y agoThese places are already overburdened by people living off of social security and disability insurance. At least with UBI they will get a better mix of working aged and abled bodied individuals.