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A comment on Almost 90 percent of NYC bars and restaurants couldn’t pay August rent. Parent comment

Re:Almost 90 percent of NYC bars and restaurants couldn’t pa... by refurb on Tuesday September 22, 2020 @01:48PM (#24557641)
No it's not. "Rent" is not the same as "economic rent".

If I buy a piece of land a build a house on it and rent it out, I'm adding value to society by creating value.

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Re:Almost 90 percent of NYC bars and restaurants couldn’t pa... by jakelazaroff on Tuesday September 22, 2020 @02:18PM (#24558022)
Building the house, specifically, creates value. Renting it out does not.
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