9 ms·

> If you’re getting £1000 extra a month and I say your rent is now £1000 extra a month Two people, each making an extra 1000 a month become roommates and colle

> If you’re getting £1000 extra a month and I say your rent is now £1000 extra a month Two people, each making an extra 1000 a month become roommates and collectively they have an extra 500 a month. If landlords try to exploit this, make it illegal for them to ask about extra roommates (within reason). Another positive market wide force that isn't accounted for is the added safety net will enable more businesses to start and enter the market and ensure that companies are competing. When markets become small and filled with old companies, those companies can form a nefarious "trust" where they collude and stop competing. It's like the Christmas Truce of WW1; opposing forces gradually lessened hostilities for mutual benefit, trust was built, and eventually both sides went into no-mans-land, exchanged food and prisoners, and even played games. This doesn't happen if there's a fresh flow of new soldiers through the trenches, a trust can never form and actions for mutual benefit never happen. It's good when soldiers in WW1 achieve trust and use it for peace, it's bad when a few companies in a stagnant market achieve trust and use it to cease competition (aka, collusion).

randomdata 3y ago
> If landlords try to exploit this, make it illegal for them to ask about extra roommates (within reason). What does that accomplish? The landlord will ultimately find out about the extra $1,000 available to spend even without knowing of a roommate through simple price discovery.
mbrumlow 3y ago
It won’t matter. They don’t need to know about the room mates. They know everybody now has $1000 which means they simply raise the rent. I would wager that minimum rent becomes close to if not $1000.
- red-iron-pine 3y ago
  and? minimum rent becomes the government stipend so you now live rent-free. the cash you make at your otherwise crappy, barely-keep-the-lights-on minimum-wage job is now going to pay for other things.
  - mbrumlow 3y ago
    You failed to think that land lords already make money. They can get what they have plus the government minimum. This would essentially be a wealth transfer from tax payers to land owners.

randomdata 3y ago

> If landlords try to exploit this, make it illegal for them to ask about extra roommates (within reason). What does that accomplish? The landlord will ultimately find out about the extra $1,000 available to spend even without knowing of a roommate through simple price discovery.

mbrumlow 3y ago

It won’t matter. They don’t need to know about the room mates. They know everybody now has $1000 which means they simply raise the rent. I would wager that minimum rent becomes close to if not $1000.

red-iron-pine 3y ago
and? minimum rent becomes the government stipend so you now live rent-free. the cash you make at your otherwise crappy, barely-keep-the-lights-on minimum-wage job is now going to pay for other things.
- mbrumlow 3y ago
  You failed to think that land lords already make money. They can get what they have plus the government minimum. This would essentially be a wealth transfer from tax payers to land owners.