Re:Bank of Canada increases overnight rate target to 1 per cent
by JackFr on Wednesday September 06, 2017 @08:56PM
(#15188388)
Assets are not durable goods. Assets different than goods.
When you pay rent you are consuming housing. When you pay a mortgage it is a financing transaction on the asset. Your consumption cost nets out because you are both paying and receiving rent.
Yes all transactions are for either an asset or a good, as Y=C+I...
When you pay rent you are consuming housing. When you pay a mortgage it is a financing transaction on the asset. Your consumption cost nets out because you are both paying and receiving rent. Yes all transactions are for either an asset or a good, as Y=C+I...