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The companies that make the clothing you are wearing see it as an investment. In the same way, real estate investors are necessary to build apartment buildings
by konschubert 3y ago
The companies that make the clothing you are wearing see it as an investment.
In the same way, real estate investors are necessary to build apartment buildings.
You are right that a piece of clothing is a depreciating asset. And maybe what you mean is that a house should also be a depreciating asset.
Well, we can make it so by properly taxing the land value.
Maybe that's what you mean, and in this case I'd say we agree!