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Another valuable life lesson from Elmo and friends! (lemmy.world)

submitted 1 month ago by [email protected] to c/[email protected]

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[–] [email protected] 17 points 1 month ago (1 children)

They do create value. They provide maintenance free housing as well as short term housing (short term as in 1-3 years.) Not everyone wants to stay in the same location for 5+ years. If you move around alot It you want to rent is usually the better option.

The ability to rent is useful, but the idea that endlessly profiting off of the same property and doing minor maintenance is creating Value is silly. There's no Value being created through simply owning something. Maintenance creates Value, yes, but that does not make up anywhere close to the profit of landlording.

[–] [email protected] -2 points 1 month ago (1 children)

Value is created by the use of something. If someone is living in a house then it is providing value.

As long as the something is useful it can provide value endlessly.

[–] [email protected] 6 points 1 month ago

What is "Value?" We are talking about different things here under the same term. You are referring to "Use-Value" as Value itself. A Use-Value being created has a Value, it will provide it's Use-Value until it is consumed fully.