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>Mortgage paymenets are almost entirely interest in the early years. So in many cases there's little difference. People generally don't buy houses in order to
by moultano 10y ago
>Mortgage paymenets are almost entirely interest in the early years. So in many cases there's little difference.
People generally don't buy houses in order to rent them. Usually houses are rented out when the owner is moving and decides to rent it out rather than sell, at which point the owner has a substantial amount of capital in the house.
- aoeuasdf1 10y agoAnd? Are they supposed to let people use the house for free? It seems like communists are willfully ignorant of the time value of money.
- ommunist 10y agoQuite the contrary. Communists understood that only labour creates value, and education gives more value providing opportunities to more sophisticated labour, aka technology, inventions. This is why they gave housing for free to everyone agreed to provide honest labour within the system. The system had flaws, was not free from corruption, but it worked. My mom spent 5 years in toxic plant, was awarded 3 bedroom flat in modern house for free. It allowed her to invest more into my education and give musical education to my brother.
- moultano 10y agoI think you replied to the wrong comment?