this post was submitted on 09 Jan 2024
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Showerthoughts
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Construction is already too expensive
Okay. So you're onto something with there being money involved in the decision. Right.
And so when owning a building becomes more profitable, what happens to construction? Construction that is already too expensive.
Expensive is costs too much money ... right? Anyone? High construction cost, then there's an increasing in the net present value of an apartment building ...
Anybody see where I'm going with this? Yes, you in the back there
Landlord just pockets the money obviously
Right. Yes. That’s a good answer because when you pay rent the landlord does indeed get the money.
I was asking more about what happens to building construction. Anyone?
Nothing happens. There are loads of zoning laws that make it effectively impossible to build in most areas these days anyway
Yeah so I guess if you introduce UBI to a complete lack of free market, to a place where new construction is illegal, then it won’t help. Unless there are vacant homes around, in which case there are still some market forces at work and it will help.
LOL