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TTPrograms | 4 years ago
It's only for the particular school of Georgism (which holds that all undeveloped land value should be rightfully owned by citizens equally) from which the phrase originates that the transaction of "housing rent" is viewed as unjust enrichment (in that the majority of the cost is assumed to merely cover rights to the undeveloped land). Even through this economic lens it's difficult to make the "rent" definitions align, as the notion that a property might "go up for sale" is already a violation of the principle - the landlord is still providing a service with investment capital, they're just forced to work within the confines of the system for private land ownership.
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