BOSTON—Apologizing to his tenant for circumstances that were beyond his control, local landlord Eddie Turley was reportedly forced Monday to raise the rent due to thinking of a bigger number. “You can re-sign your lease, but I have to raise it by $250 a month because I realized there was a bigger number your rent…
This doesn’t happen where UBI has been put into practice, and only happens in theory if you assume housing demand is perfectly inelastic. That’s why it’s a common suspicion.