Dynamism & Freedom Dividend together prevents rent gouging

A lot of people have stated to me in discussing Yang, "Well if you live in SF or NYC or [insert some expensive city here]" they'll just raise the rent by $1000 a month.

Well I thought about this for awhile and remembered Yang's discussion about dynamism. In short he pointed out how less and less young people are moving to new places in the US for their careers than ever.

So I thought a little bit harder about this and realized, "well what if people who can no longer afford to live in the cities just pick up and move to the midwest or other areas with significantly lower rent?" If you don't own a house you don't have to sell it, you can just wait for you lease to expire and leave.

We are already seeing an influx of venture capitalist from silicon valley trying to start businesses in the midwest, so there capital is being allocated in those places to create new jobs.

Could the freedom dividend in turn create a cocktail for immense economic growth in America's heartland?

Additionally if many people do pick up and move away from areas that are attempting to rent gouge and act as slumlords, then there is no one left there who wants to rent. The consumer/renter now has the freedom to choose. (I have a 1000 a month baseline, but I'm not going to sit here and be taken advantage of, and I do have the freedom to move somewhere much cheaper and wait to find a new job).

I've only just started thinking about this and wanted to hear others' thoughts.

Posted Sep 28, 2019, 3:33 PM UTC

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MeanMeMo•

Yes, I think that dynamism would definitely increase with the FD. Since the demand would drop in these major cities it may decrease the cost of rent.

I know in my young 20s, had I had the means I would have moved for work sooner than I did.

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BlazingHusky:donor:•

Yes. Yes. And Yes.

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