Re:Y Combinator Learns Basic Income Is Not So Basic After All
by dragonwriter on Monday August 27, 2018 @05:18PM
(#17854638)
> The amount extractable is pretty much the net benefit
No, it's not.
> This is because landlords can raise prices immediately.
Assuming the absence of all of lease contracts and rent control and legal notice period for rent increase (e.g., California’s 30-day notice for an increase that would bring the rent to more than 10% higher than the lowest rent charged in the preceding 12 months) and available competitive units, sure.
> there simply aren't a bunch higher-priced apartment available - these apartments are occupied by already by higher income tenant.
Sure there are, except in the tightest markets. It's true that housing supply can be a problem, particularly in done local markets, but that's an issue with it without UBI.
The amount extractable is pretty much the net benefit. Maybe a little less but not that much (ie, your argument above is faulty). This is because landlords can raise prices immediately. the vast majority of tenants can't just jump to other apartment on a moments notice AND because there simply aren't a bunch higher-priced apartment available - these apartments are occupied by already by higher income tenant.