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A comment on Why is the stock market rallying when the economy is so bad?. Parent comment

Re:Why is the stock market rallying when the economy is so bad? by samdamsamm on Monday May 11, 2020 @11:04PM (#23150169)
UBI doesn’t do that. Unless tied to something like land-value tax, UBI just raises rent cost. Of course it doesn’t happen immediately, but within a year or so UBI will be consumed by rent cost.
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Re:Why is the stock market rallying when the economy is so bad? by taneq on Tuesday May 12, 2020 @12:58AM (#23150714)
Shouldn't the free market take care of that? Rental costs in a given area are driven by supply of, and demand for, rental housing in the area.
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Re:Why is the stock market rallying when the economy is so bad? by netjiro on Tuesday May 12, 2020 @08:31AM (#23153206)
Housing is generally supply blocked due to zoning/regulation/bureaucracy/etc. It's a severely dysfunctional market in most areas.
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