“The most important results for the housing market are that the lower income for those at the top leads to lower rents and prices per square foot, and to a lower home ownership rate. The housing expenditure to income ratio falls as well, suggesting that affordability improves as the real cost of housing falls. However, despite the lower cost of housing, less housing is built and used, since the city is, on average, poorer. This alleviates concerns that UBI would lead to inflation of house prices and rents.”