This is exactly wrong. We bid for land in the main as most jobs require living in an area where demand exceeds supply (especially as demand is inflated by our land speculation system).
If we get more productive and wages rise we have more disposable income so rents / renting money from the bank (mortgage) rises.
If we cut back on consumption we have more disposable income so rent rises.
If we get more productive and wages rise we have more disposable income so rents / renting money from the bank (mortgage) rises.
If we cut back on consumption we have more disposable income so rent rises.
Productivity gains are captured by land prices.