A truly universal basic income would probably allow a diaspora from the currently over-saturated, "the rent is too damn high" markets, into the surplus housing stock and land that sits vacant due to poor local economies throughout the country.

If I could earn a guaranteed $25k for breathing, I sure as hell wouldn't be where I am now, since I could go home and buy a good chunk of land, do some subsistence farming, and happily hack away and read at my leisure.