This doesn't make much sense to me. Considering the high degree of competition in ~all rental markets, claims of monopoly are unfounded. Returns on capital fo

This doesn't make much sense to me. Considering the high degree of competition in ~all rental markets, claims of monopoly are unfounded. Returns on capital for land-owning businesses aren't higher than other sectors. In the US in particular, we have ludicrisly large amounts of space. Even in our most expensive areas we don't approach the density of places like Hong Kong. Scarcity, as usual, is due to government fiat.