this post was submitted on 26 Jul 2023
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If landlords don't want to hemorrhage money by not having a paying tenant on their land, they will lower their prices. The problem with land is that we can't create more of it. It is not a commodity supply can be artificially restricted to the detriment of the rest of society. If land holders constantly lost money for not having their land generate wealth, there would be no incentive to artificially reduce supply.
Land, as all else, is commodified under capitalism.
Idk what definition of commodity you are using, but I will say that it seems that by wikipedia's definition something like food or manufactured goods are more of a commodity than land, something that can not be created.
I would agree that housing is a commodity though, so long as there is more land to build it on.