Because some money doesn’t mean it’s enough to profit off of building that shitty apartment. If UBI is implemented and the economy inflates then the price of building a shitty apartment will go up, and if that price goes up past the point where it’s profitable to charge $500 a month for it then it either won’t get built or they will increase the rent, probably to the new $1,000 market rate.
You can do social housing and remove the profit incentive, but it’s hard for the state to build housing when all of its money is going to UBI.
That’s the same flawed argument often used to shoot down minimum wage increases. Income increases to the poorest people historically does not lead to unsustainable inflation.
Why are you assuming an extra shitty apartment that cost $500 wouldn’t be built, now that the unhoused person has some money to pay with?
Because some money doesn’t mean it’s enough to profit off of building that shitty apartment. If UBI is implemented and the economy inflates then the price of building a shitty apartment will go up, and if that price goes up past the point where it’s profitable to charge $500 a month for it then it either won’t get built or they will increase the rent, probably to the new $1,000 market rate.
You can do social housing and remove the profit incentive, but it’s hard for the state to build housing when all of its money is going to UBI.
That’s the same flawed argument often used to shoot down minimum wage increases. Income increases to the poorest people historically does not lead to unsustainable inflation.