The proposition that all gains in productivity are absorbed by rental charges so... | Hacker News

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fwn on June 23, 2018 | parent | context | favorite | on: A world of free movement would be $78T richer

The proposition that all gains in productivity are absorbed by rental charges sounds completely off to me. How would that even work?

Just imagine: If housing were that great of an investment, everyone would get enough credit to build, making effectively everyone a landlord.

robryan on June 24, 2018 [–]

It depends how tight the rental market is, if there is a lot more demand than supply it is possible that the full increase would be absorbed in rental increases.

branchless on June 24, 2018 | [–]

Which is the case in most urban centres, where most people are.

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