The same thing that stops them now. If you back the rent up people move to a com... | Hacker News

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		slashdev on Oct 4, 2019 \| parent \| context \| favorite \| on: Stockton residents got $500/month basic income, sp... The same thing that stops them now. If you back the rent up people move to a competitor who's not doing that. Rent is not solely based on how much you can afford. It's supply and demand.

malandrew on Oct 4, 2019 | [–]

Sure, but that only applies in markets that aren't supply constrained due to myriad bad policies.

https://techcrunch.com/2014/04/14/sf-housing/

zachthewf on Oct 4, 2019 | [–]

Sure, I guess I worry that whatever mechanism caused rents to increase substantially faster than CPI [0] might be accelerated by UBI.

[0] https://fredblog.stlouisfed.org/2019/04/the-climbing-cost-of...

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