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Nitpick: Rent-seeking is a specific economic activity that doesn’t mean “buying property with the intent to rent it out”. Rent-seeking is an activity where the
by coredog64 4y ago
Nitpick: Rent-seeking is a specific economic activity that doesn’t mean “buying property with the intent to rent it out”.
Rent-seeking is an activity where the perpetrator creates legal barriers that result in them collecting money without providing anything of value.
Many people hate on landlords, but unless they’re also actively restricting new supply, they’re not rent-seeking as the term is defined.
- Workaccount2 4y agoTo be fair, I'm sure those investors are NIMBYs for new housing. But I agree with your point.