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3 progressive reforms of the modern century that need to be passed in tandem:

1) progressive real estate tax

2) moving tax revenue from income tax to VAT

3) UBI

Renters markets suck but it's not like markets just cease to function as soon as consumers get more income. I'm sure there would be some rent seeking, but I doubt most renters markets are so uncompetitive that they could gobble up 1k or whatever.

I'm not sure. It would need to be funded so I would assume that for the average person the income would be offset by taxes. There would be no extra money to inflate housing costs.

There won't be for the average person, but there will be for the average person with below-average income.