Ability to pay is not the same thing as willingness to pay. Supply&demand does work.
Neither UBI nor any other policy changes that.
Housing costs in expensive markets are set primarily by land values and not by the value of the capital/building upon the land.
Yes you can make a dent in the problem it by zoning for more units, but you cannot zone more land into existence in high value areas.
For those who are convinced supply&demand doesn't work for dwellings, buy a rental and charge 10x the market rate. See how that goes. This applies to any business. For example, try selling something on Amazon/Ebay/Etsy/Craigslist. You can charge whatever you like for it. Whether someone will buy it is another thing entirely.
Everyone needs food, too, but ironically it's the unneeded food (like Starbucks) that's expensive.
How that should go is you get taxed at the same rate as if you had set it at a price it could be rented at, therefore encouraging you to set your price correctly.
That’s the LVT, that’s basically the entire thing.
Nobody pays income tax if they aren't making money. That's why they're called "income" taxes.
If you work in an expensive city, pay $2000 for one room, good luck finding a room for $40.
It is precisely the problem that you cannot opt out of the housing market, at least when you need a calm and safe environment to think.
Even when you don't, it is probably illegal to set up a tent somewhere, and legal camping sites are pretty expensive and horrible, too.
Density of land use isn't fixed. We can build in three dimensions.
Also there's tons of land that's hardly used at all in the form of golf courses. We should build cheap housing on them.
Works for whom?
In what way is the increasing ratio of rent to income working for renters?
Where those in power comfortably sit in inherited properties and wonder why the plebs does not eat cake.
I believe in the free market, but the housing market is not free.
Zoning laws are not price fixing. Practically every dwelling in a zone has a different price on it, because of supply&demand.
[1] https://www.youtube.com/watch?v=LsUS3ynhAKY&feature=emb_logo
https://www.businessinsider.com/supply-and-demand-model-of-l...
The assumption of a labor shortage because of low nominal unemployment is incorrect - the gig economy is thin margin as it is even with poor pay. It utilizes the previously "idle" labor in a marginal business model but without sufficient demand in other sectors it only provides a low floor.