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Bill Gates says people shouldn't own land, should always rent. That another company from US (forgot name) that buys houses for 50% higher asking price, now this
by agilob 5y ago
Bill Gates says people shouldn't own land, should always rent. That another company from US (forgot name) that buys houses for 50% higher asking price, now this. These days we rent books, games, flats, soon we'll rent homes and cars. No need to own anything when you can pay more money to rent it.
- manquer 5y agoSure it this encourages rent seeking behavior and has impact on the your long term wealth. However if your able to derive utility from the product by renting why should you buy ? It is inefficient way to produce and consume goods. As a society we already waste too much by buying and hardly using things. Libraries are great way to reduce the number of actual books printed. Most people don't read most books , having a large unread personal collection is common vanity spend people usually do, which is really a waste of resources. Many people rent camera/lens when they need them instead of buying expensive gear which is rarely used , these are efficiencies that are good to have. Not all renting is bad
- agilob 5y ago>As a society we already waste too much by buying and hardly using things. Yes, but there are things like car or house that are used daily
- imtringued 5y ago>Bill Gates says people shouldn't own land, should always rent. Private ownership of land doesn't work because land value goes up even with no input of the land owner. https://upload.wikimedia.org/wikipedia/commons/a/aa/Everybody_works_but_the_vacant_lot_%28cropped%29.jpg https://upload.wikimedia.org/wikipedia/commons/a/aa/Everybod... You are free to own the house and car.
- rootlocus 5y agoMaybe it does, maybe it doesn't. Same goes for stock markets and crypto currencies.
- chii 5y ago> land value goes up even with no input of the land owner. but this happens to other rare objects as well (value goes up without input from the owners), why is land so targeted? My take is that _everything_ should be ownable, and owned. For example, if someone owned the air you breath, then you would have to pay to breath it. But it would also give incentive for this owner to stop pollution of the air - after all, you would not pay to breath polluted air! So the problem of air pollution is solvable this way.
- teolandon 5y agoI'd pay to breathe polluted air if that was the only air that was available to buy in my area. After all, people will choose to die slowly instead of choking to death immediately. There are real world examples of this. Internet, tap water, etc. Your philosophy doesn't seem very well thought out.
- roelschroeven 5y agoBut the article is not about renting cars. It's about buying a car, and then paying extra per hour for the autonomous driving feature.