3 ms·
Isn't that circular reasoning? Charging rent means its an investment, but also just living in a home is "paying yourself". Is there any way to live on a prope
by program_whiz 9mo ago
Isn't that circular reasoning? Charging rent means its an investment, but also just living in a home is "paying yourself". Is there any way to live on a property that isn't an investment (I suppose just staying there while the government owns it?).
- epistasis 9mo agoNo, as long as the housing is bought and sold and priced by the market it's always investment. Homeowners talk freely about how it's an investment, choose their own home for its investment properties. It's not circular it just is, under our ownership scheme. Adding a 100% land value tax does remove the investment characteristic, though, as it removes the speculative aspect of land, and in fact drives the price of land to $0.