Quote (Black XistenZ @ Apr 26 2019 11:16am)
Seriously: when everyone suddenly has $1k in additional income per month, what's stopping landlords in sought-after cities/districts from raising every rent by $1k at the next opportunity?
This might be a bit of a simplistic description, but the problem should be clear anyway: how do we prevent this additional income from immediately being redistributed in large parts from renters to landlords?
That's just another example for the more general point I made pages ago: increasing the purchasing power of every citizen by the equivalent of 1000 (present-day) dollars is highly nontrivial, and handing everyone $1k will absolutely definitely not be enough to achieve this goal.
it's pretty simple, just pass a law that you can't increase the rent by more than a set number based on inflation without prerequisite upgrades to the home.
but as i discussed with Ofthevoid earlier using 1k$/person as an actual number is a really bad idea if you want to have a serious conversation. Citing Yang will also get you pointed to that same conversation, Yang is a politician who's building a brand around a round number. 1000$/adult isn't a realistic number, and it needs to be heavily controlled for existing aid. 500 or less would be a more realisitc cap, and for many americans it would be less or even zero. something like 22-65 would be a more realistic age range, as well.
Quote (Black XistenZ @ Apr 26 2019 11:33am)
So... more government regulations and oversight, to a degree that's borderlining on socialism?
rent control already exists in many major cites.
This post was edited by thesnipa on Apr 26 2019 11:37am