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This is not a matter of what you feel or believe, it isn't rent-seeking by definition, period. Rent-seeking is everything where you extract value by not being
by DominikR 10y ago
This is not a matter of what you feel or believe, it isn't rent-seeking by definition, period.
Rent-seeking is everything where you extract value by not being productive in the sense of creating new wealth.
Building a house is damn expensive and creates a lot of new wealth, while maintaining a house preserves the wealth you created before.
- daemin 10y agoIt is not something that I feel or believe, it is factual. I know this because I am both a renter and a landlord. I inherited a property which I am now renting out, and except for a few major fixes, I have left the property pretty much as is while collecting quite a bit in rent from the occupiers. In the same vein I could just purchase a property and rent it out, in doing so I have not created it - it already existed - but now I am just extracting value from it. Same as the bank will do to me with the mortgage.