yes my model is incredibly simple and no rent would almost surely not uniformly increase by $1000/mo
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This is how I know you haven't seen housing starts since 2005.
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Landlord: im raising rent 1000 You: if you do i'll move Landlord: have fun
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But i'm sure uhauls and moving services will still be priced exactly the same as before UBI and the great UBI rent hike...
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If a product is perfectly inelastic than the seller captures 100% of a *subsidy tied to that product* (eg a renter credit). However this doesn't apply to an unconditional cash transfer.
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You'd model that as an increase in demand, not clear how much it would be but people obviously buy stuff other than housing.
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increasing ubi until rent is tens of thousands a month and nobody can afford it without either plugging into the federal system or else being extremely wealthy then we can campaign on making it free for everybody and woops just described college tuition haha
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"landlords will never be able to raise rents, because competition" is the mirror image of the argument that "landlords will just raise rents as much as they want, because greed" if true, all else equal, it would have already happened
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