Re:Universal Basic Income Is Not Feasible
by gregable on Thursday April 26, 2018 @07:20PM
(#16936901)
Depends on the locale. In many places, there is more housing than demand for housing, and so rent is based on the cost more than the ability to pay. In bay area markets, rent is based on the renter's ability to pay of course.
[ Parent
| on HN ]
Still based on cost.
The housing itself costs more in the Bay area.
Rentals/housing in the Bay area (or other desirable locales) are supply constrained.
The only class of goods I can think of that are not based on underlying costs are monopolies.
And yes - it's unlikely that low income rentals will suddenly become supply constrained after UBI.