That's a good rebuttal, however you seem to ignore the innovating spirit of humans. Why should we live where rents are high? Not sure if you are in America, but we have lots of land and many places it is cheap. If UBI is indeed universal, we are not tied to the markets that are cornered.

Secondly, if we go that far why not push for more public housing as well (can do it in a failing city like Michigan or build a new city) and let people create their own economies?