3 ms·
> You do not have a basic human right to the labor of the people who build and maintain these houses. Correct! However, a significant portion of housing costs
by larsiusprime 4y ago
> You do not have a basic human right to the labor of the people who build and maintain these houses.
Correct! However, a significant portion of housing costs is not due to the stuff that's built on them -- something produced by labor -- but by the LAND that lies underneath it. Nobody built the land, it was already there. Someone just acquired it one day, and as it exchanges hands the prices have been progressively bid up, sucking money out of the productive economy and redirecting it towards those that own land.
Land is a really big deal, and we need to stop conflating land with capital if we want to fix the problems with the housing market:
http://gameofrent.com/content/is-land-a-big-deal http://gameofrent.com/content/is-land-a-big-deal
- carom 4y agoIn other parts of this thread people are arguing that a land value tax wouldn't increase rental prices because landlords are price takers. How does land trading hands drive up rents if landlords are price takers?