Hacker News
new
|
past
|
comments
|
ask
|
show
|
jobs
|
submit
login
three14
on Aug 1, 2020
|
parent
|
context
|
favorite
| on:
Universal Basic Income is Capitalism 2.0
Because you don't directly set real estate prices based on the buyer's income. You simply sell to the highest bidder. The bidders look at their own income and decide what to pay. If all the bidders have more money, the price will tend to rise.
thejynxed
on Aug 3, 2020
[–]
The prices will rise without fail, as seen in every real estate market from Shanghai and Toronto to London and the San Francisco Bay area.
Guidelines
|
FAQ
|
Lists
|
API
|
Security
|
Legal
|
Apply to YC
|
Contact
Search: