When those people move from high rent areas to the presently dilapidated small towns that UBI would revive the renters in the cities won't be able to price gouge their units like they are used to.
Right now housing is totally out of wack because there is an extremely scarce resource (urban housing) that everyone wants and cartel like control of supply to prevent expansion thus making the price grow uncontrollably to consume as much of the maximum incomes earnable in the area as possible.
If suddenly people had a choice between slave for subsistence wages in an extremely high CoL area or move somewhere incredibly cheap and live off government cheese those that make that choice will deflate the demand until a more equitable equilibrium is reached.
So while your landlord could try charging you more for your UBI adjusted you will have the bargaining position that they almost certainly won't be able to replace you with someone willing to pay such outlandish rents.
> Easier way is to think UBI as "free meal" tickets and free housing. Which doesn't sound all that appealing.
For the 20% of food insecure families or ten million+ homeless people in the US it would probably be very appreciated.
And it isn't just the outright homeless, its those currently in abusive households that have no out too.
And it might surprise you, but the working poor - the 80% of paycheck to paycheckers - aren't going to luxury sporting events or buying luxury goods right now anyway. They are paid too little to afford it when the cost of subsistence is so high.
Right now housing is totally out of wack because there is an extremely scarce resource (urban housing) that everyone wants and cartel like control of supply to prevent expansion thus making the price grow uncontrollably to consume as much of the maximum incomes earnable in the area as possible.
If suddenly people had a choice between slave for subsistence wages in an extremely high CoL area or move somewhere incredibly cheap and live off government cheese those that make that choice will deflate the demand until a more equitable equilibrium is reached.
So while your landlord could try charging you more for your UBI adjusted you will have the bargaining position that they almost certainly won't be able to replace you with someone willing to pay such outlandish rents.
> Easier way is to think UBI as "free meal" tickets and free housing. Which doesn't sound all that appealing.
For the 20% of food insecure families or ten million+ homeless people in the US it would probably be very appreciated.
And it isn't just the outright homeless, its those currently in abusive households that have no out too.
And it might surprise you, but the working poor - the 80% of paycheck to paycheckers - aren't going to luxury sporting events or buying luxury goods right now anyway. They are paid too little to afford it when the cost of subsistence is so high.