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But in America there are more empty houses than there are homeless people. Supply is not low. Maybe rent would go up in some markets (eg Bay Area), but people c
by elil17 6y ago
But in America there are more empty houses than there are homeless people. Supply is not low. Maybe rent would go up in some markets (eg Bay Area), but people can move somewhere else. That’s the point of having a market system.
Yes UBI decreases market inefficiency, but the effect would be smallest on inelastic markets like housing. You’d see the biggest impact in the markets for the life-improving items/services that people with less money can’t afford right now, everything from fresh/healthy foods to nice shoes. The prices of those things would go up, but it would reflect an increase in demand.