Well in the UK for instance they have housing coops which exist solely for the purpose of their tenants. Also tenants have greater protections like right of abo

Well in the UK for instance they have housing coops which exist solely for the purpose of their tenants. Also tenants have greater protections like right of abode, which encourage a longer term view for both tenants and landlords. Basically for a landlord to be productive and not rent-seeking, there has to be some level of symbiosis to the arrangement. I think this is easier to understand with commercial rents. In my local street a half-dozen or so shops have been closed in the past two months, and sit empty due to excessive rent increases. The landlords have forced an un-productive arrangement due to their rent-seeking. You can apply this same idea to housing, but instead of a business closing, a tenant is strained to the point they make un-productive life decisions, or to the point they cannot pay rent (or cannot see the point of paying rent). But in this case there is a much greater supply of new tenants than new businesses to fill the void, so you never see the issue illustrated as graphically.