2 ms·
> Besides, it’s so funny when people use “rent seeking” as a pejorative. Like, yes, the reason my landlord bought this house for a lot of capital up front was t
by yamtaddle 4y ago
> Besides, it’s so funny when people use “rent seeking” as a pejorative. Like, yes, the reason my landlord bought this house for a lot of capital up front was that they believed it would be profitable rent it for much smaller amounts for a long time. What, am I supposed to feel entitled to use the house for free?
They mean "rent" the econ jargon, not "rent" the thing you pay to your landlord.
See: rent-seeking
https://en.wikipedia.org/wiki/Rent-seeking https://en.wikipedia.org/wiki/Rent-seeking
It's a bad thing basically by definition.