I think the poor who felt trapped would be more likely to move than stay put. The incumbent landlords in poor neighborhoods would see a % of their renters move

I think the poor who felt trapped would be more likely to move than stay put. The incumbent landlords in poor neighborhoods would see a % of their renters move out, and a % of new renters move in, perhaps off the streets. We'd want to study the net effect of that. Those who moved out would then be moving into areas with higher rents and mixing with those renters. So a dollar-for-dollar rent increase seems unlikely. Some renters would find they now have enough income to buy a home and some would, vacating apartments for renters from poorer areaa. Some home owners would find they have enough to afford a larger home and would move up. But others would invest the new income, or pay for the kids college, or take more vacations, or buy new cars more often. The economic impact is complex and unknown and needs to be studied. I happen to believe it is a worth an in-depth study and worth spending some of my paid-in taxes on.