andyheim 
In general I agree with you, and you are absolutely correct in that there are other "costs" of holding material beyond something as simple as rent. A similar comparison can be made with having money in a savings account. At current rates (where you are lucky to get 1%, and unless you have a substantial balance, you probably aren't right now), you can argue you are losing money by having it sitting in an account versus putting it to work elsewhere. But that assumes you can put it to work somewhere at a better return.
In any case, there will never be a consensus on this. Well, other than everyone wants prices to go back up... at least a little.
Bookmarks