Quote:
Originally Posted by puckedoff
These laws can protect people in existing leases at least for a little while. But looking at the general economy, over the medium term and over thousands of rental agreements and condo/apartment sales and transactions, rents will move higher.
As very hypothetical, if I have 1 rental condo and regulations don't let me raise rent, I can sell that condo and buy a new one, and with my new tenant I can charge however much I want.
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That's with the laws as they currently are, but I would expect them to change to suit the new economic reality. Again, I am thinking in the future and not any time too soon.
Automation is already being used in the construction industry and in 50 years, simple public housing can probably be built relatively fast and cheaply to fix any supply issues. It would also help recapture UBI money.
For the record, I don't know if unconditional UBI is the solution, but it could be a solution. But in my opinion, I am 100% sure that there will be problem eventually. I would be interested to know what other solutions would be possible. Unless people don't think there will be a problem, but then I am curious about that reasoning as well.