Submitted by theshadowturtle t3_zykyic in singularity
MarkArrows t1_j2823ie wrote
Reply to comment by IslamDunk in How are we feeling about a possible UBI? by theshadowturtle
Rent hikes will be concrete shoes everyone has to wear. And the moment the housing market crashes, companies will swoop in to buy the real estate before anyone else can.
It's gonna be a shitshow :[
NoRexTreX t1_j28gx3k wrote
Rent is decided by supply and demand. If demand (or revealed demand) goes up it's because more people are able to enter the market, and supply of housing temporarily not being able to keep up with demand. Supply follows demand over time, and with a UBI there will be a new class of people with revealed demands for the market to accommodate.
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