This is not capitalism, this is a market based system, which can happen to exist outside of capitalism.
Capitalism is is the ownership of value by capital ( property of shares, housing etc… gives you benefits because you own them, not because you provided value).
In terms of housing, if one uses their resources to build a house for others to use, they need to retain ownership of that house in order to realize any return on their investment and maintain their ongoing providing of the housing service.
The owner organizes and pays the contractors do do the work. The owner buys materials. The owner makes it all happen, puts their money down. Without the owner being able to have the incentive to do all that, it doesn’t happen.
This is not capitalism, this is a market based system, which can happen to exist outside of capitalism.
Capitalism is is the ownership of value by capital ( property of shares, housing etc… gives you benefits because you own them, not because you provided value).
In terms of housing, if one uses their resources to build a house for others to use, they need to retain ownership of that house in order to realize any return on their investment and maintain their ongoing providing of the housing service.
In almost all cases, the owner does not build the house. Thats done by the masons, electricians, plumbers etc … So the owner did not create value
The owner organizes and pays the contractors do do the work. The owner buys materials. The owner makes it all happen, puts their money down. Without the owner being able to have the incentive to do all that, it doesn’t happen.