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teemur | 10 months ago

Rent-seeking is a pretty well-known term that has not much to do with rents.

https://en.wikipedia.org/wiki/Rent-seeking

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kennywinker|10 months ago

“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?

gruez|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.

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

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!

kelnos|10 months ago

I don't agree with your characterization here, so no cognitive dissonance needed.

SoftTalker|10 months ago

Renting a place to live allows one to hold a job and create value.