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Comment by bpt3 | Hacker News Reader

> Rent and mortgage payments are based on selling access to resources - nothing of value is produced through rent extraction. It is a purely parasitic process economically.

I have to assume you have never been responsible for maintaining a property. Unless someone is renting out a cave on a triple net lease, your statement above is hilariously inaccurate.

> most people do not have the option of affording housing except through the rentier capitalist avenues of rent or mortgage.

If most people can't afford it, then why do most people live in a home that is owned by a member of their household (either themselves, or their parent/guardian)?

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1) Costs of maintaining a property are productive but typically less than 50% of what rent pays for. The rest is purely extractive going to rentier profit and mortgage (what I’ve been talking about).

2) Less than 40% of households are fully owned. The rest have mortgages or are rented.

1. You did not start off talking about mortgages, you lumped it into your initial grievance once that didn't land. If you can't accept that debt exists and the reasons why it exists, you're going to be sorely disappointed by virtually all of your interactions with the rest of humanity.

2. Of course, people with mortgages are still considered property owners legally and by nearly all of society.

Rentier capitalism is term that has been used to include mortgages for decades. It’s not my term. Mortgages and rent parasitize the working class. Rent extraction (broader than just literal rent) is nonproductive cashflows from the working class to the wealthy. You may cheer this on, that’s fine with me. I’m just calling a spade a spade.

Sure, but you didn't use that term initially.

If you had, I would have probably not wasted my time on this discussion with a leftist who might as well be arguing that humans should breathe water instead of air.

Sorry to disappoint you stranger. What I said applies to both mortgages and rent. And housing can be decommodified to our common benefit - for example, Vienna - it’s not some impossible goal. And on a wider level if you ever wonder why China is outcompeting us in many sectors it’s in large part because they have invested in their economy instead of letting rentier capitalists run rampant. It makes the workforce cheaper to employ. We on the hand are suffering a deepening housing crisis..

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