UBI is implemented tomorrow. Every citizen gets $1000 per month.

Landlord now knows you have an extra $1000 that you never had before. Why wouldn’t the landlord raise prices?

Now you have an extra $1000 a month and instead of eating rice and beans for a few meals you go out to a restaurant. The restaurant owners know everyone is eating out more so why not raise prices and maximize shareholder profit as always. The restaurant/corporation is on TV saying, “well, demand increased and it is a simple Economic principle that prices had to increase. There’s nothing we can do about it”.

Your state/country has toll roads. The state needs money for its deficit. UBI is implemented and the state/country sees it as the perfect time to incrementally raise toll prices.

Next thing you know UBI is effectively gone because everything costs more and billionaires keep hitting higher and higher all time net worth records.

  • BigMacHole@lemm.ee
    34·
    9 months ago

    If my landlord raises my rent to match the UBI I’m getting then I’m going to move to the Apartment down the street that DIDN’T raise their rents because I FINALLY can afford to do that! Or are you saying that Landlords are ILLEGALLY colluding with one another to ensure Rent remains high? If that’s the case why are you bringing up UBI?

      • chicken@lemmy.dbzer0.com
        3·
        9 months ago

        “In the absence of knowledge about competitors’ pricing strategies, property managers can only make their best educated guesses and set their prices at optimal positions, usually a bit lower than what offered by competitors—to attract renters in the market,” the lawsuit argues.

        The complaint quotes Yardi marketing materials that say landlords who use the service “beat the market by a minimum of 2%” and “gain on average more than 6% net rental income.”

        This is a problem, but the claim made in the lawsuit is pretty far from saying that the market might as well not exist and this company is able to arbitrarily choose prices, they’re talking about a slight edge gained by shared information. Supply and demand etc. all still applies.

    • painfulasterisk1@lemmy.ml
      15·
      9 months ago

      I compare landlords to gas stations, if one increases the cost of gasoline for 0.20 USD overnight, believe me that the one less than a block away will follow suit in less than 6 hours.

    • Kinglink@lemmy.world
      5·
      9 months ago

      Or are you saying that Landlords are ILLEGALLY colluding with one another to ensure Rent remains high?

      No… I’m saying that a Landlord can read a paper and know that people have an extra 1000 dollars, so they can raise their rent 330/660/ or real dickbags 1000 dollars since you now have extra money.