Giving people more money to buy a commodity doesn’t magically create more of the commodity. You said your UBI assumes the free market would provide more housing. But if the free market worked we wouldn’t need UBI for housing. Housing supply would have already matched inflation.
The free market is providing housing, though. It is just a problem that most people now rent, so the houses are not owned by those living in the,. Homelessness is up, but nowhere near as much as the rise in populations. This is an almost worldwide phenomenon.
I already noted we need more housing. More money in people’s pocket can be inflationary, so we need to reduce inflation, bit abandon the idea, not abandon the housing problem.
Giving people more money to buy a commodity doesn’t magically create more of the commodity. You said your UBI assumes the free market would provide more housing. But if the free market worked we wouldn’t need UBI for housing. Housing supply would have already matched inflation.
The free market is providing housing, though. It is just a problem that most people now rent, so the houses are not owned by those living in the,. Homelessness is up, but nowhere near as much as the rise in populations. This is an almost worldwide phenomenon.
I already noted we need more housing. More money in people’s pocket can be inflationary, so we need to reduce inflation, bit abandon the idea, not abandon the housing problem.