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A comment on Universal Basic Income is Capitalism 2.0. Parent comment

Re:Universal Basic Income is Capitalism 2.0 by DSingularity on Thursday July 30, 2020 @06:18AM (#23996453)
They don’t go to 90% because people will opt to buy or move.

Will the same happen when everyone makes x more? Only if house ownership costs remain flat. I don’t think that will happen - cost and demand.

[ Parent | on HN ]
Re:Universal Basic Income is Capitalism 2.0 by djrobstep on Thursday July 30, 2020 @06:27AM (#23996515)
"Everyone" doesn't make x more, some people make less. There's no more money overall. Money is just shifted around. Demand will increase on housing (particularly in the low end), but so will supply.
[ Parent | on HN ]