me: > >More importantly, purchases of new owner-occupied houses are currently > >treated as the equivalent of a business investment in a factory or > >machinery.
Doug: > Not exactly - one is called "residential investment" and the other > isn't. They're both added into the larger category of investment, but > that doesn't make them equivalent. not all residential investment is owner-occupied. Building of housing also includes apartment buildings. The distinction between the purchase of new owner-occupied housing and the purchase of a factory or a machine is the distinction between purchase of use-value and the accumulation of capital to get surplus-value. -- Jim Devine "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante.
