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.
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.