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The lack of competition that allowed the trailer park owners to do that was caused by local government restrictions on building new trailer parks. Local governm
by learc83 11y ago
The lack of competition that allowed the trailer park owners to do that was caused by local government restrictions on building new trailer parks. Local governments artificially restricting the supply of affordable housing isn't necessarily going to be fixed by a basic income.
However, in a normal market increased demand will drive up the price, and developers will move in to build more housing. The increase in supply will then drive down prices until they reach an equilibrium.