[RhysU]

> And yes, rent isn't value-creating.

Some rents create value.

Say that I am a construction company and I need a huuuuge crane to complete a building. I can borrow money to buy the crane (rent goes to the person who lent me capital) or I can lease the crane (rent goes to the person who lent me capital in the form of a crane). Either way, no rent no new building. Someone values the building otherwise I wouldn't be building it. Hence, rent creates value.

Suppose I am a working stiff and I need a huuuuge house to raise a family. I can borrow money to buy a house (rent goes to the person who lent me capital) or I can lease a house (rent goes to the person who lent me capital in the form of a house). Either way, no living space no family. I value my family otherwise I wouldn't be building it. Hence, rent creates value.