19 points
There’s no Value created by risk, that’s an ad-hoc justification for profiting endlessly off of labor performed one time long ago.
3 points
Houses are not “one time labor.”. Housing requires constant scheduled maintenance and upkeep over time.
Not to mention the financing required to pay for it all,which is normally spread over 30 years.
10 points
2 points
car and house Insurance both provide value by reducing the capital investment required to continue having an item, landlords reduce the upfront cost of housing by charging a continuous fee instead of a lump sum.
19 points
Insurance is perhaps the peak of Financial Capital masquerading as Value.
-2 points