On: High-income job losses are cooling housing demand

[websiteapi]

If this - "High-income job losses are cooling housing demand" is true, doesn't this mean UBI would never work?

[TuringNYC → websiteapi]

>> If this - "High-income job losses are cooling housing demand" is true, doesn't this mean UBI would never work?

If UBI were national, it would work beautifully, because depending on the UBI amount, it could allow people to finally untether geographically. You could spur a rebalancing of irrational demand in HCOL cities due to jobs away from HCOL to LCOL

[nilamo → websiteapi]

I don't see how one follows the other.

On the one hand, less high earning employees seems to logically indicate that large purchases would also go down.

And on the other hand, a program to give everyone a little eating money would never have been able to pay for a house, anyway.