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I always figured UBI would basically replace and end all government poverty programs at least
by coffeebeqn 3y ago
I always figured UBI would basically replace and end all government poverty programs at least
- ethanbond 3y agoNope landlords will just raise rents back to approximately the same level of poverty.
- cnasc 3y agoThat would probably make a lot of new housing construction more economically viable. I’m not sure what the overall effects of UBI would be, but this seems like it would be a short term effect.
- SV_BubbleTime 3y agoInteresting way to explain inflation as just greedy landlords. My taxes have tripled in the past 5 years. Appliance, construction, repairs, insurance are all much higher. If I was renting to people - in what world wouldn’t I be forced to raise their rent? Why would I cover that for someone when I have to pay it?
- deleted 3y ago[deleted]
- Arson9416 3y ago[flagged]
- konschubert 3y agoIf you upzone and increase supply, it becomes a buyers market and landlords have to lower their prices.
- ethanbond 3y agoThat’s true totally separate from UBI. No matter what else you do, UBI’s effect will be increased rents. In absolute terms you could overcome this by increasing supply, but 1) nothing about UBI makes increasing supply easier, and 2) UBI would reduce the positive effects on rent achieved by increasing supply. If you want to reduce the cost of living you increase supply. UBI will not affect supply nor demand, it will just affect the existing demand’s ability to pay a higher price universally and knowably. As a landlord, I would be an idiot not to raise rents by $x soon after implementation. Every landlord knows this and so they’d all do it together, no coordination necessary.
- charlie0 3y agoI've noticed in the poorest HCOL areas, you've got several low income workers all chipping in for the rent. There's nothing stopping them from trying to move out on their own using their UBI funds. For first movers, they'll increase their quality of life by living by themselvesor less people, but rent prices would quickly rise. You're right in the housing. The only thing that can drop prices is incresed supply and that's not going to happen.
- konschubert 3y agoI think I agree with you. We need to increase supply by upzoning and speeding up permission processes. That will increase supply, depress prices, and solve a lot of social ill without needing UBI.
- AaronM 3y agoCan you point to a single reputable study that shows this would likely happen?
- ethanbond 3y agoYou need a study to see that rents are highest where income is highest and that rents rise as incomes rise?
- AaronM 3y agoYes, just because you say its so doesn't make it so. There should be studies that show when minimim wage or welfare/other forms of assistance increases that rent follows.
- ethanbond 3y agohttps://www.sciencedirect.com/science/article/abs/pii/S0094119021001030 https://www.sciencedirect.com/science/article/abs/pii/S00941... > Increases in state minimum wages significantly reduce the incidence of renters defaulting on their lease contracts by 1.7 percentage points over three months, relative to similar renters who did not experience an increase in the minimum wage. This represents 10.6% fewer monthly defaults. However, this effect slowly decreases over time as landlords react to wage increases by increasing rents.
- AaronM 3y agoInteresting, thanks!
- BuyMyBitcoins 3y agoI very much doubt this would happen. The kinds of folks who advocate for UBI would not want to see those who require special accommodation be cut off from assistance programs. For instance, I doubt a paraplegic would be able to support themselves with the standard UBI payment. Also keep in mind the blind get a tax break from the IRS, would such a thing be considered an assistance program? Of course, one could imagine a compassionate government giving additional UBI money to those who are disabled. But, that would require some bureaucracy to verify claims and make adjustments. At which point we’re back to having an assistance program.
- mantas 3y agoThat'd be pretty bad. E.g. government program for disabled people giving out wheelchairs. A good wheelchair is fucking expensive. No sane UBI would cover that. Yet not giving out wheelchairs would fuck over some people to say the least.