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A comment on Stanford paper says rent control is driving up cost of housing in San Francisco. Parent comment

Re:Stanford paper says rent control is driving up cost of ho... by joejerryronnie on Tuesday January 09, 2018 @12:14AM (#16103798)
The price of basic necessities is based on what people will pay for it (or what merchants can charge for it). If everyone has $10 today to buy groceries and all of a sudden, tomorrow everyone has $100 to buy groceries, what do you think is going to happen to the price of groceries?
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Re:Stanford paper says rent control is driving up cost of ho... by taneq on Tuesday January 09, 2018 @03:26AM (#16104477)
Nothing much in the long run, competition between supermarkets is pretty cutthroat and it should level out not too far from where it is now.
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Re:Stanford paper says rent control is driving up cost of ho... by taysic on Tuesday January 09, 2018 @04:10AM (#16104678)
If UBI is paid for with inflation than prices will go up to capture an equivalent in value. If UBI is paid for by increased taxes then all businesses will need to raise prices.
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