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by asdff
1428 days ago
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Time for nationwide rent control to keep prices from surging past UBI then. The argument against rent control has always been that investment will go where there isn't rent control since this maximizes profit for the investor. However if you give the investor no alternative then the law of TINA suggests that if they would like to have exposure to the U.S. housing market the only option is to invest in the U.S. housing market, and if the entire market is under rent control then there will be no winners and losers based on having local rent control ordinances in place or not. Another solution is to invest more in our public housing stock. Private apartments could march up sure, but they'd be competing with the government building with subsidized rents designed to be affordable under the UBI plan, which would put downwards pressure on prices. |
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