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It was an answer to the rhetorical comment that if housing stopped yielding a return on investment then there would be no housing. I don't see the possible p
by hirako2000 3y ago
It was an answer to the rhetorical comment that if housing stopped yielding a return on investment then there would be no housing.
I don't see the possible parallel with farmers, all there is in common is land potentially owned as property. Farmers bear fruits through labour. Real estate investors bear returns on capital.
That's interesting you mention some people going hungry, most people's inability to slap logs together to make shelter, and resorting to tax collection and distribution.
- WalterBright 3y ago> Real estate investors bear returns on capital. There have been many attempts to eliminate bearing returns on capital. They all resulted in a prostrate, non-functioning economy. There are two input requirements for a functioning business: 1. labor 2. capital Neither can come for free.