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You can only increase his rent as much as the other landlords do or he'll move. There are a lot of landlords in the UBI jurisdiction so it would be impossible t
by aianus 6y ago
You can only increase his rent as much as the other landlords do or he'll move. There are a lot of landlords in the UBI jurisdiction so it would be impossible to effectively collude to raise prices together.
I have no doubt that rents and costs would go up but they would go up by less than the full amount of the UBI so the UBI would still be helpful to the recipient.
- klmadfejno 6y agoYou can move, but if you want to live in an area with more demand for housing, like a major city, you're going to get shafted. I don't disagree that UBI would probably end up with a little more income net of price increases to the poor, but it comes with a host of problems that don't mesh with other economies. Labor gets more expensive, so outsourcing gets more enticing. It'll also never be a "basic" income in that the poor will always need to work to survive.
- Simulacra 6y agoYou raise rents until you maximize profit, the person who’s out, well then you lower it and take the next person.
- Simulacra 6y agoThey would go up by less than the full amount of the UBI...? I'm sorry I don't follow your logic. Your UBI is, say, $500 a month. Same for everyone. Why would the landlord not raise your rent by $500 and take that money? This is not a moral question.
- aianus 6y agoBecause a different landlord is happy to only take $400 of it, and another landlord is happy with only an additional $300. In aggregate, you will find some equilibrium under $500. From another perspective, why doesn't food cost 90% of our income anymore? Why didn't food prices go up in perfect lockstep with every productivity improvement and rise in wages since 300BC? Because there are people out there willing and happy to sell it for less, no other reason.