4 ms·
What will happen to prices of scarce resources (e.g. single family homes) when everyone's spending power goes up by the same amount?
by captainredbeard 6y ago
What will happen to prices of scarce resources (e.g. single family homes) when everyone's spending power goes up by the same amount?
- rdsnsca 6y agoNothing as foreign buyers is the engine driving that bubble. It would take outlawing foreign buyers to burst that bubble.
- captainredbeard 6y agoMaybe for Vancouver and San Francisco but not for the majority of other cities. Let's examine rent purely, then, since I imagine UBI isn't making a big difference for home purchases.