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UBI Cash Payments Reduced Homelessness, Increased Employment in Denver
(www.businessinsider.com)
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That depends on the housing market. If you have a surplus in housing, rent will remain stable because tenants will move if their landlord increases rent.
If you have a deficit in housing and more people look for a place to stay than there are available places, then tenants cannot move. Landlords and other businesses in deficit markets like healthcare will take all additional income.