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I'm open to the idea of being wrong, so please do tell me if so. > My line of thinking is around Rent seeking (or rent-seeking) is an economic concept that oc
by silisili 4y ago
I'm open to the idea of being wrong, so please do tell me if so.
> My line of thinking is around
Rent seeking (or rent-seeking) is an economic concept that occurs when an entity seeks to gain added wealth without any reciprocal contribution of productivity.
and
> That said, it’s possible for landlords to engage in rent-seeking behavior.
So, I understand that rent in rent seeking is not and nothing to do with 'rent payments', so to speak.
It's more a question of are landlords trying to extract value without producing anything. My opinion is, in many cases, yes.
Especially someone like Invitation Homes, who essentially aim to corner a particular housing market for the sole purpose of extracting additional money from said units.
If this is not considered rent seeking behavior, I'll cede that point.