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The reason trailer park owners can keep raising prices is because cities won't allow new trailer parks to be built. This artificially restricts demand. Local go
by learc83 11y ago
The reason trailer park owners can keep raising prices is because cities won't allow new trailer parks to be built. This artificially restricts demand. Local governments artificially restricting the supply of affordable housing isn't necessarily going to be fixed by a basic income.
However, if people have an extra $1000 a month, many of them can afford other types of housing. Increased demand for this newly affordable housing will drive up the price, and developers will move in to build more housing. The increase in supply would then drive down prices until they reach an equilibrium.