Re:Universal Basic Income is Capitalism 2.0
by ALittleLight on Thursday July 30, 2020 @06:29AM
(#23996525)
What if every landlord but one raised the price by 1000 a month, and that one realized he could get more business by raising only 900 a month, so in response to that one landlord others lowered to only +800 so the one countered with +700... Etc. Etc.
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Re:Universal Basic Income is Capitalism 2.0
by coldtea on Thursday July 30, 2020 @08:44AM
(#23997425)
If most landlords have a few properties, that's a no go. If they have 1000s and all are under demand, that's a no go as well.
Only if there are empty houses because people can't afford them will that scenario be able to play...
Re:Universal Basic Income is Capitalism 2.0
by ShroudedNight on Thursday July 30, 2020 @07:31AM
(#23996912)
This argument would be much more persuasive if each landlord could supply an effectively unlimited supply of housing. As things currently stand, a landlord reducing his rent would clear his limited inventory first, but the broader effects of the actions of a single agent would be fairly muted.
Re:Universal Basic Income is Capitalism 2.0
by afarrell on Thursday July 30, 2020 @08:08AM
(#23997134)
If only there was a way to turn money into more housing on top of the same area.
Re:Universal Basic Income is Capitalism 2.0
by Robotbeat on Thursday July 30, 2020 @09:44AM
(#23998017)
It is amusing that folks kind of ignore the possibility of multiple storeys (and increasing supply of housing generally).
Sure, in theory you can eminent domain a neighborhood of low density housing and replace it with higher density housing. In practice though, its politically impossible most places.