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Presented to you by the same makers of "if artists didn't make money, art would stop being produced"

I don't see clothes as investments but I still buy them, same as food. And industries are there to provide and profit over it.

If somehow magically houses stop being "investments" to hoard and rent away, people would still build houses, you know, to live in them.

The companies that make the clothing you are wearing see it as an investment.

In the same way, real estate investors are necessary to build apartment buildings.

You are right that a piece of clothing is a depreciating asset. And maybe what you mean is that a house should also be a depreciating asset.

Well, we can make it so by properly taxing the land value.

Maybe that's what you mean, and in this case I'd say we agree!