“But housing prices over all of the US won’t rise by the amount of UBI”.
If UBI were being offered across the US, I would expect them to rise by the amount of UBI.
If UBI is restricted to SF, then moving out of SF to take advantage of lower rents would not make sense, since you would also be giving up the UBI payments of equivalent value to do so.
(Edit): If you disagree, I’d appreciate it if you can explain, or link me to some resources where I can learn more. I’m aware that my economic model is probably simplistic and I’m interested in improving it.
If UBI were being offered across the US, I would expect them to rise by the amount of UBI.
For subsidies per purchase, maybe.
But not for subsidies per human.
Imagine some prefab tiny house off the grid somewhere in a food desert. I don’t think its rent will go up by the UBI amount.
Also, there are houses that house two people (or more!). If there’s limited supply in comparison to the demand, I’d expect that the costs of those might go up by more than UBI (because there’s two people’s worth of UBI as extra budget available).
“But housing prices over all of the US won’t rise by the amount of UBI”.
If UBI were being offered across the US, I would expect them to rise by the amount of UBI.
If UBI is restricted to SF, then moving out of SF to take advantage of lower rents would not make sense, since you would also be giving up the UBI payments of equivalent value to do so.
(Edit): If you disagree, I’d appreciate it if you can explain, or link me to some resources where I can learn more. I’m aware that my economic model is probably simplistic and I’m interested in improving it.
For subsidies per purchase, maybe.
But not for subsidies per human.
Imagine some prefab tiny house off the grid somewhere in a food desert. I don’t think its rent will go up by the UBI amount.
Also, there are houses that house two people (or more!). If there’s limited supply in comparison to the demand, I’d expect that the costs of those might go up by more than UBI (because there’s two people’s worth of UBI as extra budget available).