EDIT: I’d genuinely appreciate it if you could explain why you disagree, instead of just mindlessly downvoting as though I’d said something offensive or inappropriate.
That said the point of UBI is to supplement, get a part time easy going job and with UBI you can chill.
Probably the solution for when AI takes over. So 2075.
Housing benefits must be spent on housing. People can use UBI any way they want. With UBI, people can more easily move from expensive cities if housing is not affordable, and then rents and prices must adjust.
The pricing of housing is defined by supply and demand. Every urban economist agrees that the solution is to build more housing. Rent controls don't increase the number of housing units; only building more increases the housing supply. It does not have to be affordable housing; just build more housing units and all price points eventually get an affordable house.
Japan is an island like the UK, but they built the infrastructure and enough housing. At the height of its asset price bubble around 1990, the value of real estate in Japan was higher than that of the entire United States. But they built enough to match the demand. Now their population is in decline, and there are empty houses at the edge of the cities.
The _excellent_ IrishVernacular.com had a great website showing how to build a modern, comfortable house for 25k (make it 50k now with inflation), but when I talked to planners in Offaly (yech) about the idea of a pier foundation or a metal roof they got visibly angry. (The site is gone but archived at https://web.archive.org/web/20210216212333/https://www.irish... ) Interestingly, metal roofs are cheaper and last longer (and can look perfectly nice, I'm not talking about tin roofs here). But planners are threatened by anything that makes housing more affordable.
As far as the "landscape" - the whole country is a giant meat factory swimming in cattle feces; the landscape was ruined centuries ago. If you're curious, the book "Whittled Away" is a really good examination of this, and how ecologically barren Ireland really is - https://iwt.ie/product/whittled-away/. And rural homes don't need to be car-dependent monstrosities, I made a video about how we could improve active transport in rural areas at https://www.youtube.com/watch?v=6Ba7xHUdeew (of course, even the greens think bikes are only toys outside the city, and my cllrs from FF/FG/SF practically laughed at me when I suggested bike infrastructure where we lived in the midlands).
Of course, the real galling bit is that Ireland has peak "rules for thee and not for me" energy, by saying you can opt out of all that so long as you're a true native son and have parents from the area (the EU has rightly pointed out that this is discriminatory, but Ireland just... breaks the law. And nothing happens) - https://www.independent.ie/irish-news/locals-only-planning-r... . So apparently one-off houses are great, but only for culchies.
Love this comment so much. And it's true!
I grew up in Ireland and was immersed in the "everything in Ireland is the best" mentality. I think it was when I started regularly visiting the Hudson Valley in New York, which is mostly still wooded, that I really realized the "countryside" in Ireland is just manmade. It's not natural. The whole island was trees.
My understanding is that you've left Ireland; hope you're making your peace with the problems of the country now that you don't have to deal with them as much!
I really like Ireland. I think it's an amazing place. But it's really, really, really badly run. And it seems like most policymaking (like this, or rent control, or help to buy, etc) was built on vibes instead of logic.
It is almost impossible to receive housing benefit in Ireland. Legally all landlords must accept it, practically few to none in major cities do.
> The pricing of housing is defined by supply and demand.
About 20% of Irish homes are bought by investment funds, another huge (difficult to specify) percentage are bought to rent by small to medium sized landlords. The Irish state Land Development Agency build around 3.5k homes per year, meanwhile Davies estimate the state needs around 93k new homes per year. Investing in any kind of investment fund or ETFs is taxed at 41% under the exit tax in Ireland. In addition, the “deemed disposal” rule means investments are taxed as though sold every eight years, even if they haven't been.
These are all artificial extreme pressures on housing in Ireland specifically, that mean that this is not a simple 'supply and demand' problem. It's a supply and demand of people who need housing vs entities who require profit - and have concomitant class affiliations and monies to spend on political influence problem.
It does not matter who owns them. If there is enough housing, investments funds will lower rents to match the demand. Investment funds can do excessive rent seeking only if the supply is limited. It's good if foreigners invest in housing, because hoses can't be moved overseas.
Anyone disagreeing, argue against this statement:
Exess rent seeking is possible only when there is scarcity.
When people don't have choises, they must pay what is asked. If you have 100 people needing a house and 101 houses available, prices will decline. Maintaining empty house is a running loss and house prices and rents will decline to prevent that.
That's an impressive figure: The second largest city/settlement in Ireland, Belfast, has a population of about 350,000. If these new homes house three people each (a family with one child), it means that Ireland is growing at a speed of almost a new Belfast per year.
Is the economy growing at a similar speed to support eight or nine more Belfasts in the next 10 years?
https://www.irishtimes.com/business/2025/02/05/republic-need...
The issue is as much a legacy of lack of investment as growth, as for a number of decades the state built no houses at all, forcing a generation into rental poverty.
What is required is that the many legal and financial barriers that exist to the economically-viable building of apartments and houses need to be dismantled. If we could have tens of thousands of new dwelling places made available each year, the asking prices for housing stock would start to gently decline. Society as a whole would accept this as a social good.
The only place in the developed world where housing prices have declined (or even remained stagnant) over the long term is Japan, a country in long term recession.
I wrote about this in detail here - https://garethstack.com/2015/10/28/by-believing-passionately...
and I wonder how much of Europe's problems is caused by AirBnB enabling wealthy people to extract riches from rental units, while causing suffering to normal renters...
There's also the matter of funding it, but I agree with you. Making it universal and consolidating other programs into it would create some savings as well.
I look forward to the results.
UBI isn't about giving everyone free money. It's about giving everyone a safety net, so that they can take bigger economic risks and aren't pushed into crime or bullshit work.
The upper half of society will only see the indirect benefits, like having greater employment/investment choices due to more entrepreneurialism.
A good portion of my salary is already taken by Tax and the government wastes it. I've seen the waste first hand when contracting for both Local, Nation Government. I was so disgusted by this, I have made every effort to avoid working with them.
I've also seen this waste happen in large charities and ossified corporations. The former also disgusting me as I know they would simply piss away a few thousand on complete BS, that took a whole village to collect and for it not to go towards the stated purpose of the charity. As a result I don't donate to any charities that aren't local.
Every-time someone suggests a tax increase, I know for a fact they haven't seen the waste happen first hand.
> UBI isn't about giving everyone free money. It's about giving everyone a safety net, so that they can take bigger economic risks and aren't pushed into crime or bullshit work.
Giving everyone a safety net will require giving people money that is taken from others. To the people that benefit it is seen as "free" and will become "expected" and won't be treated as a safety net.
Being a responsible adult is about reducing the amount of risk you are taking, not increasing it.
So what you will be doing it teaching people to essentially gamble and people did similar during COVID. Some people took their cheques and put it into crypto, meme stocks or whatever. Some won big, most didn't.
I've met people in my local area that have lost huge amounts of money on risky investments, everything from property developments, to bitcoin. Creating an incentive for risk taking without the consequences is actually reckless, a massive moral hazard and will simply create perverse incentives.
> The upper half of society will only see the indirect benefits, like having greater employment/investment choices due to more entrepreneurialism.
You will be taxing those people more and they will have less to invest. The reason why many people invest is because they have disposable income that they can afford to risk.
By taxing people more (which you admit would have to happen), they will have less disposable income and will be inclined to invest less as a result.
We have three awesome control groups currently:
(1) Retirees with skills don't suddenly decide to become entrepreneurs when they reach 65.
(2) people on the dole don't suddenly become entrepreneurs. We even used to have a specific programme in New Zealand for the unemployed to start their own business . . . I'm fairly sure it didn't work.
(3) mothers on the DPB get a good whack of money even with kids that don't need Hyde time investment. It is rare to see them do anything more entrepreneurial than an under-the-table job.
I love your optimism, but it isn't realistic.
For the economy as whole nothing is added. The money just flows different route that gives people more power.
This is precisely why UBI (also known as socialism) is unsustainable. Most people don't want to work. If you disincentivize them from working, many of them will stop. And then there will not be enough taxpayers to support the government handouts anymore.
Imagine how easy it would be to start businesses, startups non-profit projects if you had UBI. Bunch of guys come together and everyone knows $1,500 per month each "funding secured forever." Many people people dealing with burnout, mental or physical problems, could ease up and work part time.