Comment by azornathogron
Comment by azornathogron a day ago
That doesn't seem like a full explanation. Sure, prices are tied to supply and demand. But demand is tied to how much money people have, so that just brings you right back to the original question.
Housing supply and demand isn't static. With UBI the need to live close to employment opportunities decreases, opening up more supply in areas that are currently less attractive and decreasing demand in other areas.
Furthermore we still don't know how people will react to UBI once they feel it is universal and permanent. If you're busting your ass to take home $1500 a month today, and then you get $1500 a month UBI, will you keep working just as much and take home $3000 a month, will you cut down on work and aim for $2200 a month, or will you keep living on $1500 a month and just chill all day. Depending on what choices people make, most people might not end up with that much more money.