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The logic is a bit misleading, because you implicitly assume that goods and services should be as cheap as possible, while rents and real estate prices are risi
by yarcob 5y ago
The logic is a bit misleading, because you implicitly assume that goods and services should be as cheap as possible, while rents and real estate prices are rising to all time highs.
If rents were lower, and goods and services were more expensive, then many people would earn more (since many low paying jobs are in retail and personal services). And it would be a lot easier to lower living expenses by just consuming less.
- sokoloff 5y agoHow does giving people more money lower rents though? If UBI became likely, I’d expect investments in the low-end of the housing market to do better based on the prospect of a rising rental market and more steady payments of rents owed.
- jonnycomputer 5y agoI'd guess that if low-end housing were a more profitable segment of the market, then supply would increase, driving down the price.