Ubi would go into homeowners. Hell at some
Point they will raise rent by the ammount of the ubi because they know people can afford at least that
In a supply-constrained environment, it's true that a higher capacity to pay would lead to higher prices, but that's not some general truth. If it were, you could say the same thing about wage increases. Any policy goal seeking higher incomes would be useless: it will all just go to homeowners.
Why bother with public education? Sure, it will increase incomes, but it's all just going to go to homeowners.
UBI is a handout. It takes zero effort you might as well lie down and be a rock.