💼 UBI: Universal Basic Income or Universally Bad Idea?

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TOP REAL ESTATE NEWS

Guaranteed Rent: The Austin Guaranteed Income Pilot, which provided $1,000 monthly to low-income families, significantly reduced housing insecurity among participants, with most funds allocated towards housing expenses. This initiative, alongside the positive outcomes in food security, illustrates the potential for guaranteed basic income programs to offer substantial support in addressing fundamental needs, thereby contributing to overall stability in real estate markets by enabling residents to meet housing costs consistently. (Business Insider)

Proptech Optimism: Metaprop’s confidence index shows a growing optimism among startup founders and investors. Startup founders' confidence increased to 6.1 on a 10-point scale, up from 4.8 in the previous survey, marking the third consecutive increase. Investor confidence also rose to 6.5 from 6.1. Among the investors, 43% expect to make more proptech investments in the next 12 months, up from 26% at year-end 2022. Additionally, 48% of investors expect an increase in deal flow over the next 12 months, up from 39% six months ago. Regarding investment interest, 41% are most interested in proptech solutions for multifamily, 31% in architecture, engineering, and construction technology, and 25% in sustainability startups. (CO)

Main Street vs Wall Street: A new bill is being proposed that targets real estate investors intending to help "Main Street compete with Wall Street". The specifics of the bill and its potential consequences for investors are not detailed. The story also mentions various investment strategies often promoted by experts, including subject-to-deals, wholesaling, syndicating, BRRRRing, and Airbnb arbitrage. (BP)

Now, onto Universal Basic Income, the only time you get a check in the mail that doesn’t immediately make you think, 'Oh no, what did I forget to pay now?' It’s like finding money in your couch, except the government is the couch, and the money is for not being able to afford the couch in the first place. Let’s go!

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