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by take_a_breath 2155 days ago
==That's the entire problem with UBI: it will just result in widespread inflation, in housing and every other market.==

Do you have any evidence to support this type of absolute claim? People have been screaming about inflation since the Fed massively expanded their balance sheet in 2007. The only things we’ve really seen inflate are assets (buying housing, stocks, etc.) we haven’t seen much inflation in non-assets (renting, commodities, consumer staples).

1 comments

... are you sure rent hasnt gone up massively over the past decade? I feel like it has.
I think it's mostly location-based. NYC, Seattle, San Fran, Austin, Denver, Boise and more cities have seen significant rent increases. On the other hand, we have Rust Belt cities like Milwaukee, Chicago, Cleveland, Indianapolis, St. Louis, Detroit, Cincinnati, and more where rents haven't risen at the same rate.

Edit to add some specificity, although it's not "rent". Here [1] is a 3 bed/2 bath house in a very safe Chicago neighborhood for $325k. The local public elementary school is an 8/10 and the high school a 7/10.

[1] https://www.redfin.com/IL/Chicago/4824-N-Oak-Park-Ave-60656/...

Fun thought I just had...

If a significant number of readers here on HN click that link, driving traffic to that specific listing, I wonder if it would cause the agent to think there's more interest in the home than there really is, giving them the suggestion that they should increase the price.

It does have a "HOT HOME" banner on the first picture. Could that be from HN readers?