Re:Why the Assholes Are Winning: Money Trumps All
by bobby_9x on Saturday February 06, 2016 @04:44PM
(#11050066)
Most cities have housing restrictions. Since this will most likely never change, rent will go up accordingly.
Re:Why the Assholes Are Winning: Money Trumps All
by dllthomas on Saturday February 06, 2016 @05:02PM
(#11050157)
Competition of all alternatives. As I said, this is not merely identical units.
It includes those cities which do not have housing restrictions. It includes any new units permitted inside existing housing restrictions. It includes increased sharing of housing (this is also impacted by other forms of "housing restrictions" but most people live in situations below maximum occupancy). It includes moving outside of cities entirely (made more attractive in the presence of a basic income).
To the extent that people choose these alternatives, rents will face downward pressure. They may still go up, but "the entirety of BI will simply become rent" seems wrong.
That seems unlikely, because of competition. Not merely of identical units, but of all alternatives. We are not terribly supply-constrained on housing, nationally or globally (some markets certainly are, actually or artificially).
"Same way college costs rise to whatever loans are available."
Money that is available only to a single purpose is a substantially different dynamic than money that can be put to other uses.