I didn't know that housing is counted as a productive asset that produces a service even to the owner-occupier known as imputed rent, which is the rent one pays themselves, estimated at the value of the rental income if put on the market. That essentially means it's considered a productive asset and not a consumptive asset, so housing buildup is put in the same category as actual industrial development.
I think non-consumptive real estate is extremely toxic to modern economies and we're essentially rebuilding the manor-landholding economic relationship from first principles.
I think non-consumptive real estate is extremely toxic to modern economies and we're essentially rebuilding the manor-landholding economic relationship from first principles.
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