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Landlords may provide services, but they primarily extract economic rent, essentially profiting from their their monopoly on that particular piece of land. htt
by oa335 6y ago
Landlords may provide services, but they primarily extract economic rent, essentially profiting from their their monopoly on that particular piece of land.
https://en.m.wikipedia.org/wiki/Economic_rent https://en.m.wikipedia.org/wiki/Economic_rent
- perl4ever 6y agoHow can they profit from the unproduced value of the land when they had to buy it? It seems to me that you're assuming landlords owned the land since before high property values in SF or wherever were a thing. It seems unlikely this situation accounts for much of the real estate.
- imtringued 6y agoThat monopoly is guaranteed by your local government. Go talk to them if you don't like this.
- AnimalMuppet 6y agoIs anyone going to put up a building when they don't have a monopoly on the piece of land on which it sits?