UBI impact
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UBI impact (by S i d [MO]) Jun 17, 2019 10:47 AM
       UBI impact (by RB [MI]) Jun 17, 2019 10:57 AM
       UBI impact (by razorback_tim [AR]) Jun 17, 2019 11:07 AM
       UBI impact (by JB [OR]) Jun 17, 2019 11:23 AM
       UBI impact (by Roy [AL]) Jun 17, 2019 11:36 AM
       UBI impact (by S i d [MO]) Jun 17, 2019 11:50 AM
       UBI impact (by Roy [AL]) Jun 17, 2019 12:07 PM
       UBI impact (by WMH [NC]) Jun 17, 2019 12:24 PM
       UBI impact (by Roy [AL]) Jun 17, 2019 12:53 PM
       UBI impact (by Richard [MI]) Jun 17, 2019 1:06 PM
       UBI impact (by Opinionated [NC]) Jun 17, 2019 2:00 PM
       UBI impact (by Landlord ofthe Flies [TX]) Jun 17, 2019 2:48 PM
       UBI impact (by RichE [IL]) Jun 17, 2019 3:33 PM
       UBI impact (by BRAD 20,000 [IN]) Jun 17, 2019 5:06 PM
       UBI impact (by 6x6 [TN]) Jun 17, 2019 5:16 PM
       UBI impact (by Pmh [TX]) Jun 17, 2019 5:40 PM
       UBI impact (by small potatoes [NY]) Jun 17, 2019 10:06 PM
       UBI impact (by small potatoes [NY]) Jun 17, 2019 10:06 PM
       UBI impact (by MikeA [TX]) Jun 17, 2019 10:23 PM
       UBI impact (by S i d [MO]) Jun 18, 2019 10:54 AM
       UBI impact (by WMH [NC]) Jun 18, 2019 12:10 PM
       UBI impact (by 6x6 [TN]) Jun 18, 2019 7:13 PM

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UBI impact (by S i d [MO]) Posted on: Jun 17, 2019 10:47 AM
Message:

I saw an interesting thread going on this topic on another site and wanted to put it here for the wisdom of our group to weigh in. I have no crystal ball in terms of will we or won't we end up with some form of Universal Base Income (UBI) in either the short or long-term future, but I think there's going to be a lot of discussion about this topic in the next election cycle.

A few questions to think on:

1) How would a UBI of $1,000 per month per adult age 18+0 affect your family/household?

2) How would the above UBI impact the costs of housing (buying or renting) in your community?

3) What would be your strategy for rental pricing and how would it be impacted if the UBI above were implemented?

I haven't asked how we'd pay for it because that's a whole 'nother topic. Lets keep it focused on how it would impact you/your family, housing in your town & your business. --173.20.xxx.xxx




UBI impact (by RB [MI]) Posted on: Jun 17, 2019 10:57 AM
Message:

I'll cross that Bridge if/when I have to. --184.53.x.xxx




UBI impact (by razorback_tim [AR]) Posted on: Jun 17, 2019 11:07 AM
Message:

IMO, UBI of $1000/mo will result in a lot of instances of many roommates getting together to rent a 3-4 BR house. If they can get their housing costs low enough they can live off of the balance. Not much difference than the families today where everyone is on SSI. --12.43.xx.xx




UBI impact (by JB [OR]) Posted on: Jun 17, 2019 11:23 AM
Message:

1) It wouldn't affect us

2) It would cause the price of everything to increase

3) As now, I would just fluctuate with the market rates and adjust accordingly

The problem I see (as with every government fix that has ever been tried) is that the money will always make its way back to the smarter and the more educated. It has always been this way and human nature dictates it always will be. --24.20.xxx.xxx




UBI impact (by Roy [AL]) Posted on: Jun 17, 2019 11:36 AM
Message:

Sid,

Exactly what is a Universal Based Income? Is this where the government puts every American on the dole for a free stipend of $1,000/month ? --68.63.xxx.xxx




UBI impact (by S i d [MO]) Posted on: Jun 17, 2019 11:50 AM
Message:

Roy, yes, you have the gist of it.

UBI is also called a "freedom dividend" by its supporters who say everyone in the USA should benefit to some extent from the wealth and prosperity of living in a free, capitalist society. One could compare it to the oil checks for citizens of Alaska. Or not. ;-) I'm not diving into the politics.

There are Pros and Cons obviously, both practical and moral. I'm not interested in diving into those so much as I am what we think the real world impact on our lives and businesses would be.

RB makes a point that this is a big "what if", but I think there is some value to talking about it.

As JB says, I think most of the $$$ would provide a short-term boost to lower income houses, but eventually most of us here would adjust our business model to capture as much additional profit as possible. Other savvy business owners/investors would do the same.

"Gold (i.e. money) flows to where it is handled wisely and flees those who handle it foolishly. - George Clason "The Richest Man in Babylon" --173.20.xxx.xxx




UBI impact (by Roy [AL]) Posted on: Jun 17, 2019 12:07 PM
Message:

sid,

The affect of a UBI will be this: the rich will only get richer and the poor will only get poorer. In other words, a UBI would only give the poor more money to buy lottery tickets with. Now, the middle class may benefit from it but it would only be a short term gain though. Free money creates inflation. --68.63.xxx.xxx




UBI impact (by WMH [NC]) Posted on: Jun 17, 2019 12:24 PM
Message:

$1000 would go a long way towards subsidizing the high cost of housing. That which you subsidize you get more of, not less... --50.82.xxx.xx




UBI impact (by Roy [AL]) Posted on: Jun 17, 2019 12:53 PM
Message:

Sid,

We have politicians right now that advocate Medicare for everyone, free college tuition, a $15.00 min. wage and top of all that,...lets give them an extra $1,000 for misc. expenses. Where does all of this money come from? Does it grow on trees? The insanity here is beyond any sense of reason. --68.63.xxx.xxx




UBI impact (by Richard [MI]) Posted on: Jun 17, 2019 1:06 PM
Message:

This craziness will result in higher prices everywhere. Not simply because of greed as some think but because of simple supply and demand. Just like when I'm the 60's, the women's pin movement ( like it or not) said that women should work and not just stay home. Ok, so many did. What happened is that households then had 2 incomes --more money! Many of them decided that now they could afford nicer neighborhoods, better and larger houses. So with this extra money they bought nicer and bigger houses in better areas.

It's always the same. Those who have more money decide to improve their situations. They have more and are willing to pay more for things they want.

This dumb idea will result in the same thing.

If my tenants had an extra $2000 per month (for a couple), they would likely look for bigger better places in nicer areas. Every group would do the same, even those who were almost homeless.

It will solve NOTHING!! Just make all prices higher. --71.10.xx.xxx




UBI impact (by Opinionated [NC]) Posted on: Jun 17, 2019 2:00 PM
Message:

All the Socialist schemes assume (quite wrongly) that everyone will continue to work with the same effort and motivation under the uniform income schemes as they do when the rewards of work are related to the effort and ability of the one who is working. --66.44.xxx.xxx




UBI impact (by Landlord ofthe Flies [TX]) Posted on: Jun 17, 2019 2:48 PM
Message:

I bet it will be a big hit with the illegals. An even bigger incentive to sneak in. --108.69.xxx.xxx




UBI impact (by RichE [IL]) Posted on: Jun 17, 2019 3:33 PM
Message:

Stupid idea. Politicians always think their fiscal policy operates in a static world. The real world is dynamic and actions cause reactions. Start printing money (i.e. add to the deficit) and prices would rise and most folks would be essentially where they were when they started - except now those with debt (like my mortgage debt) would benefit by pay off those loans with cheaper dollars. People on fixed income that is not indexed to the inflation that would ensue would suffer, but the poor who the politicians think they are helping would be no better off and in many cases be worse off. --67.186.xxx.xxx




UBI impact (by BRAD 20,000 [IN]) Posted on: Jun 17, 2019 5:06 PM
Message:

Sid,

Housing? I vote for UBR - Universal Base Rent. All my $450 and $500 would now be equal with the $1000 houses and their UBI check will cover it, comrade.

Every person - same income, every rent the same. 3 roommates, $1000 each per month. Freedom from financial stress FOR ALL!

BRAD --73.102.xxx.xxx




UBI impact (by 6x6 [TN]) Posted on: Jun 17, 2019 5:16 PM
Message:

Ultimately people would just blow it.

Tenants would possibly move to bigger homes or even buy a home. They would eventually loose those homes to foreclosure and then we could buy them.

--73.120.xx.xxx




UBI impact (by Pmh [TX]) Posted on: Jun 17, 2019 5:40 PM
Message:

If & when implanted I would jack up my rents. tax payers paying so who cares... --70.119.xxx.xxx




UBI impact (by small potatoes [NY]) Posted on: Jun 17, 2019 10:06 PM
Message:

buy stock in rent a center now! --100.2.xx.xxx




UBI impact (by small potatoes [NY]) Posted on: Jun 17, 2019 10:06 PM
Message:

buy stock in rent a center now! --100.2.xx.xxx




UBI impact (by MikeA [TX]) Posted on: Jun 17, 2019 10:23 PM
Message:

I would have to increase rents to cover the taxes that would be taken to pay for it. Just another scheme that puts money in one pocket by taking it out of the other pocket. Someday these guys will figure out that taxes are passed on to tenants so it's a zero sum game.

There of course will be inefficiencies in the process, government run so lots of new paper pushing bureaucrats will get come on board eating a slice of the money loop.

With all that extra money flowing into and out of tenants hands there will be more risk and likely more possible reward. Would just have to figure out how to capitalize on it.

I wonder if you will be able to sell it for face value like an annuity payment? I might be able to make some serious money by offering a few thousand up front for years of $1000 per month! --50.26.xx.xxx




UBI impact (by S i d [MO]) Posted on: Jun 18, 2019 10:54 AM
Message:

Thanks to everyone who chimed in.

MikeA, I have seen others ask that same question about turning it into an annuity. It would be interesting to contemplate. Seems like for some that would be contrary to the whole purpose of UBI, so I wonder if it would be prohibited in some or all circumstances?

Brad20K...UBR, I like it! All my rents double but my mortgages stay the same.

RichE, love the thoughts about how politicians characterize the world as static. I don't think they believe it for a minute, but it's how they sell their B.S. to their voting based who does think that way. "If I just get $1,000 more life will be grand" as the price of a Big Mac goes up to $15. I wonder if they would pair UBI with capital control and price caps, further exacerbating the problem?

Opinionated....true. Gimmies seems to invite scammers.

WMH...yep. I think the first time I heard that was from John T. Reed. I know he didn't invent it, but he fleshed it out with numerous examples.

Pmh. I would likely do the same, as would many other LLs. The knowledge that people can pay more means we would ask for more, and likely there would be more bidding wars as more dollars chase the same amount of goods and services. Competition might help keep prices in check a bit, but overall I'd see aggressive rent raises across the board. --173.20.xxx.xxx




UBI impact (by WMH [NC]) Posted on: Jun 18, 2019 12:10 PM
Message:

The full quote, from someone, is I think "That which you tax you will get less of; that which you subsidize you will get more of." --50.82.xxx.xx




UBI impact (by 6x6 [TN]) Posted on: Jun 18, 2019 7:13 PM
Message:

But raising those rents would just push more people into buying instead of renting, would it not? --73.120.xx.xxx



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