Dakota on Nostr: “As a landlord, you aren’t producing anything.” While landlords may not produce ...
“As a landlord, you aren’t producing anything.”
While landlords may not produce tangible goods, they provide an essential service: housing. They have to maintain and manage the property, take burden of ownership when something breaks and needs replacing, advertise, etc. The service of providing housing adds value to society, even if it’s not a traditional “production” activity.
“As a landlord, you are dependent on 3+ (probably 5+) other people’s work in order to profit from that ponzi.”
This is so ridiculous it doesn’t even warrant a response, but here it goes. Almost every good or service you could provide to a market depends upon the work of others. That’s what specialization, the division of labor, and cooperation on a free market is about.
“Real estate people are measuring in dollars”
No shit, everyone (in the USA) is doing this in every industry, real estate is no different. The dollar is currently the unit of account, Bitcoin hasn’t reached unit of account status yet.
While landlords may not produce tangible goods, they provide an essential service: housing. They have to maintain and manage the property, take burden of ownership when something breaks and needs replacing, advertise, etc. The service of providing housing adds value to society, even if it’s not a traditional “production” activity.
“As a landlord, you are dependent on 3+ (probably 5+) other people’s work in order to profit from that ponzi.”
This is so ridiculous it doesn’t even warrant a response, but here it goes. Almost every good or service you could provide to a market depends upon the work of others. That’s what specialization, the division of labor, and cooperation on a free market is about.
“Real estate people are measuring in dollars”
No shit, everyone (in the USA) is doing this in every industry, real estate is no different. The dollar is currently the unit of account, Bitcoin hasn’t reached unit of account status yet.