this post was submitted on 26 Oct 2023
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Showerthoughts
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A "Showerthought" is a simple term used to describe the thoughts that pop into your head while you're doing everyday things like taking a shower, driving, or just daydreaming. The most popular seem to be lighthearted, clever little truths, hidden in daily life.
Here are some examples to inspire your own showerthoughts: 1
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Everyone doesn’t have more spending power under UBI; some people would be paying more in taxes than they’re getting back from the pool.
But yeah, if you give everyone in a certain group more money to spend, that’s more demand and hence higher prices assuming fixed supply.
So really, to avoid that issue with housing, you’d need to reduce friction to increasing supply. Maybe that means letting people build higher density housing without having to wait for the government to re-zone from low to high density. Or removing the minimum size on apartments, whatever.
Point is your market will adapt to the newly-super-profitable endeavor of landlording, by providing more housing.
Because as long as there’s any vacant housing, landlords are not free to price fix however they see fit. I mean they could if they were all in cahoots, but they’re not. They’re in competition.