Cities like NYC and SF are a bit of an exception in the US - they're very desirable cities, and their housing stock is more or less filled. Getting a place to live, even with sufficient income, is a bit of a chore.
In other markets, there are houses that sit vacant. Bringing the minimum income up helps narrow the gap between the price floor on these properties, and the amount people are able to pay. That is, a basic income would help more efficiently distribute housing in less desirable areas.
If someone on basic income wants to move to NYC, they'll still need to work hard, and get enough money to compete with all the other people who want to live in NYC.
Comments
Cities like NYC and SF are a bit of an exception in the US - they're very desirable cities, and their housing stock is more or less filled. Getting a place to live, even with sufficient income, is a bit of a chore.
In other markets, there are houses that sit vacant. Bringing the minimum income up helps narrow the gap between the price floor on these properties, and the amount people are able to pay. That is, a basic income would help more efficiently distribute housing in less desirable areas.
If someone on basic income wants to move to NYC, they'll still need to work hard, and get enough money to compete with all the other people who want to live in NYC.