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Because one is literally the definition of rent-seeking[0], and one is not. [0] https://en.wikipedia.org/wiki/Rent-seeking https://en.wikipedia.org/wiki/Rent-s
by itp 10y ago
Because one is literally the definition of rent-seeking[0], and one is not.
[0] https://en.wikipedia.org/wiki/Rent-seeking https://en.wikipedia.org/wiki/Rent-seeking
- DominikR 10y agoDid you care to read the content of the link you posted? Because then you'd know that housing is not rent-seeking by this definition as there clearly is a contribution to productivity. Houses have to be built, maintained, developed and advertised on the market. And there are a lot of risks in this business.
- wavefunction 10y agoHousing ownership _can_ be rent-seeking, as long as rentier behavior is applied to the stock. For example, home-owners in San Francisco who actively prohibit new construction are rent-seekers.
- roel_v 10y agoDespite having linked to literally the first google hit on 'rent seeking', you obviously don't even know what it means.