Re:12-year study will look at effects of universal basic income
by _rpd on Monday May 07, 2018 @09:48PM
(#17018187)
> “Unless there is a mass migration from urban to rural areas” -> I expect this to happen, and it would be great.
UBI does open up possibilities for rural communities, but the cultural trend has been the opposite for a long time. I don't see it reversing quickly.
> I also disagree with your premise, because elasticity of demand for housing isn’t zero, even if you assume zero regional mobility.
It isn't zero, but it is very low. Existing house owners fight tooth and nail to prevent higher density zoning. And new construction is slow to respond even to very strong pricing signals.
UBI does open up possibilities for rural communities, but the cultural trend has been the opposite for a long time. I don't see it reversing quickly.
> I also disagree with your premise, because elasticity of demand for housing isn’t zero, even if you assume zero regional mobility.
It isn't zero, but it is very low. Existing house owners fight tooth and nail to prevent higher density zoning. And new construction is slow to respond even to very strong pricing signals.