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Comment by andrei_says_ | Hacker News Reader

$2000 barely covers rent ( 1 br LA/SF). We’d also need rent control legislation to prevent rents from rising to absorb the UBI.

Apart from that I agree - UBI is the simplest, cheapest way to lift the population out of poverty.

The outcomes are fantastic - I recommend Rutger Bregman’s book on it.

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> $2000 barely covers rent ( 1 br LA/SF).

The market will develop housing for basic income people or you could always move to lower cost areas.

> We’d also need rent control legislation to prevent rents from rising to absorb the UBI.

Nope. If people are given basic income, the market will develop housing/services to cater to them.

"The market" has shown itself to be woefully inadequate at developing housing for those on the lower part of the income scale. I'm not sure why that would change under a basic income scenario.

The market hasn't developed housing for people on the current minimum wage, so I have my doubts that it would be any different with UBI

There’s plenty of cheap housing if you don’t need to be near a competitive job market to cover the rent.

Rents will simply rise by whatever the amount of the basic income is.

You can definitely get a studio in the LA area for like 1400. Close to public transit too.

California is a huge state, you don’t have to live in the heart of LA or San Fran

Also even in my wildest communist fantasies it’s completely infeasible for UBI to cover a 1br market rent in a big city without that immediately causing completely ridiculous inflation. Fiddling with monetary policy doesn’t magically 3x the housing supply.

Wrong comment? The comment is saying move out of big cities. I agree.

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