You got it. Efficient rent extraction via the banks. And if productivity goes up then disposable income goes up and guess what? You qualify to borrow more my f

You got it. Efficient rent extraction via the banks. And if productivity goes up then disposable income goes up and guess what? You qualify to borrow more my friend. Up go land prices and all that gain flows to the rentier. It's not about houses built it's about loose credit BTW, primarily.