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Does that mean I can buy Bitcoin instead of paying my rent?
It sure does.
Excellent. I now rent my house to myself.
Sorry, this scam is only available to Americans.
Even without it you could make a deal with some poor eligible guy - he "rents" a room in your house for an exorbitant amount (but he's not allowed to live in it), pays you with vouchers, you redeem them for cuck bucks -> BTC, and give him a small cut.
Is this a joke or is it really true? Sorry, I'm not American.
Where have I seen this before? Isn't this what happened with the COVID stimulus during Trump's administration?
I don't remember what form the rent relief programs took, but I know a bunch of that Covid stimulus ended up unaccounted for.
I don't have a strong opinion on this matter because I lack the necessary knowledge to make a proper assessment. However, I can identify a few points to consider:
Renters would have more control over how they spend their money on housing-related expenses. This approach could also be considered more efficient as it reduces administrative costs. There is a risk that renters might spend the allowance on non-housing-related expenses. Additionally, the allowance may not be sufficient to cover expenses in areas with a high cost of living.
It will be interesting to see how it unfolds and what kind of assistance they ultimately decide on.
That's it, in a nutshell.
CBDCs fix this ;)
Economists have pretty consistently pushed for cash assistance, rather than in kind assistance, forever.
Pretty much everyone else tends to think that's a terrible idea.