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Did 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 cont
by DominikR 10y ago
Did 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.