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This is such a misconception. Air is similarly valueless .. Real estate produces something very valuable, and if you can't understand that try living homeless
by hackerfromthefu 5y ago
This is such a misconception. Air is similarly valueless ..
Real estate produces something very valuable, and if you can't understand that try living homeless for a few months .. its the only way without a house you will get to be near amenities ¯\_(ツ)_/¯
In financial terms it produces rent or saving of paying rent.
- rcpt 5y agoNothing is produced by buying and selling land. This is different from investment in capital which is created and destroyed.
- arcticbull 5y agoHousing is a productive investment because it fulfills the need of all humans to have a place to live.