this post was submitted on 09 Jan 2025
28 points (100.0% liked)

askchapo

22931 readers
136 users here now

Ask Hexbear is the place to ask and answer ~~thought-provoking~~ questions.

Rules:

  1. Posts must ask a question.

  2. If the question asked is serious, answer seriously.

  3. Questions where you want to learn more about socialism are allowed, but questions in bad faith are not.

  4. Try !feedback@hexbear.net if you're having questions about regarding moderation, site policy, the site itself, development, volunteering or the mod team.

founded 4 years ago
MODERATORS
 

I've been sick the last few days and to pass time I watched a Video from Geopolitical Economy Report, where he states that about 8 percent of the US GDP (I know that that measurement is shit, but it's still the most used one) is attributed to imputed rent from owner-occupied housing and therefor bullshit.

I tried to read up a little on the topic because I have trouble believing that such a bogus figure is included in the GDP, because it doesn't add value. Everything you do in your own home is not work that 'benefits' the economy and if you hire contractors or buy materials it's already included in the GDP. Though the reading material I found is either full of jargon or skips this question.

So now I hope that someone knowledgeable can clarify this: is this rent imputation really just padding for the GDP or does it server another purpose?

Material I used:

And footnote: It's very telling, that capitalist countries view rent as an important part of their economy agony-deep

you are viewing a single comment's thread
view the rest of the comments
[–] Sickos@hexbear.net 3 points 2 months ago

Because neoliberal governments use neoliberal economics that prove that neoliberalism is the best?