Again, it’s not clear that they’d be able to charge more given that less purchasing power for high income earners would push real estate prices (and therefore rents) downward.
In the study you posted, it’s not possible to isolate the variable. Many things could have affected the (minor) changes in rents. Not a good analysis.
Minimum wage increases purchasing power for the employed workers, but also increases unemployment, which has the opposite effect on prices.
The decreased purchasing power at the high end 1) is a consequence of taxes, not UBI itself, and 2) wouldn’t push prices down for lower income housing writ large. At the absolute margins, a high-income earner who is being taxed into lower-income housing is increasing competition among tenants for the same low-income housing, which will increase those prices.
If you want to tax high-income people into lower-income housing then just increase their taxes. What does UBI have to do with any of that?
It’s not possible to “isolate the variable” in any economic study ever, so I suppose both of us will have to argue from conjecture. My conjecture, as a landlord, is that if incomes go up in my market, that is unambiguous signal that I can increase my prices. Your conjecture is “you won’t be able to,” but I already know I’m able to. That is how I’ve already set the price I charge.
The best possible news for me, an absentee landlord, is a big company with high salaries opening an office nearby. Same as every other landlord.
A distinction without a difference imo. My point is that how you pay for it is what determines the impact on prices, but I think we’re basically rehashing demand-side vs. supply-side economics at this point.
> I already know I’m able to
You don’t decide the market rate by yourself. And I don’t think you’re properly accounting for how UBI impacts this in aggregate.
No, how you pay for it doesn't change UBI's effect on pricing. UBI has exactly the effect I'm describing. Separately, a tax scheme may have a different, countervailing effect, regardless of whether or not it's related to UBI. That countervailing effect could arguably overcome UBI's positive pressure on prices, but it's a totally separate effect from a separate policy and even still your explanation of the mechanism looks totally incoherent.
Please explain how taxing high-income people into low-income housing doesn't increase the prices of traditionally low-income housing.
"No, how you pay for it doesn't change UBI's effect on pricing."
I'd disagree as I think it obviously does. I doubt any economist would agree with this statement.
You're saying I'm "incoherent", but from my perspective all you've done in this conversation is confidently assert your conclusions. You're clearly very certain of your beliefs, but that's not going to convince anyone (if you care about that at all). I'm willing to reconsider my views if someone makes a compelling argument, but I haven't found yours to be convincing fwiw.
Evictions went down for 3 months, then rose again back to their prior levels as landlords increased rents.