“Rent-seeking is the act of growing one's existing wealth by manipulating the social or political environment without creating new wealth”
So, renting out a home. Just the manipulation of social and political environment has already been done. Rent sought, not rent seeking.
Rent as in rent paid to live in a home fits the definition of “economic rent” perfectly. Because housing rent is an example of economic rent. The cognitive dissonance i am pointing out is that seeking economic rent is bad, but using already created structures to obtain economic rent is… not bad somehow?
>So, renting out a home. Just the manipulation of social and political environment has already been done. Rent sought, not rent seeking.
That makes sense for the land, but not so much for the actual structure that sits on top. The land is going to exist no matter what. the same can't be said of the apartment building .
And not all renting out is rent seeking! On occasion in cities with decreasing home prices, the landlord is subsidising the tenant. That is rare though!
kennywinker|10 months ago
So, renting out a home. Just the manipulation of social and political environment has already been done. Rent sought, not rent seeking.
Rent as in rent paid to live in a home fits the definition of “economic rent” perfectly. Because housing rent is an example of economic rent. The cognitive dissonance i am pointing out is that seeking economic rent is bad, but using already created structures to obtain economic rent is… not bad somehow?
gruez|10 months ago
That makes sense for the land, but not so much for the actual structure that sits on top. The land is going to exist no matter what. the same can't be said of the apartment building .
pyfon|10 months ago
kelnos|10 months ago
SoftTalker|10 months ago