Oh, the hard, hard life of the rent-seeker who is stupidly greedy and unwilling to lose a little bit of profit to pay somebody else - like an agency - to take care of all the work and manage their assets, so instead of making money purely from having money without lifting a finger, they have to suffer the indignity of actually working a few hours a week like poor people.
That isn’t clear at all because it seems like all the vitriol in this thread is about the very concept of owning real property and renting it to someone who wants to rent. This thread is not at all about landlords not fulfilling their contractual obligations. All I’m seeing here is “fuck landlords and big bad mean rich people” and it’s really childish and immature. Nobody has suggested a viable alternative yet to that, including you.
In Economics “rent-seeking” is seeking to receive a “rent”, but the concept of “rent” here is broader than merelly the kind of rent paid for a property (for example, when banks place themselves in the position to get a commission out of every small financial transaction out there, through “Touch To Pay” schemes, they are “rent-seeking”).
So whilst not all rent-seekers are landlords (probably not even most rent-seekers), all landlords are rent-seekers, which is exactly how I handled those definitions in my post.
Your post is like saying “‘Apple’ is not the same as ‘fruit’” when somebody else I pointed at apples and called them “fruit”.
Landlords aren’t necessarily rent-seekers (though some individuals conceivable could be) as economists use the term, and your lack of understanding of economic rent-seeking is something you can fix.
Rent-seeking is a concept in economics that states that an individual or an entity seeks to increase their own wealth without creating any benefits or wealth to the society. Rent-seeking activities aim to obtain financial gains and benefits through the manipulation of the distribution of economic resource
Providing a home is a benefit to the society.
Credit processors (what you’re calling “banks”) provide a service to merchants. They are also not rent-seeking.
Oh, the hard, hard life of the rent-seeker who is stupidly greedy and unwilling to lose a little bit of profit to pay somebody else - like an agency - to take care of all the work and manage their assets, so instead of making money purely from having money without lifting a finger, they have to suffer the indignity of actually working a few hours a week like poor people.
The pain and suffering must be unbearable…
If there’s something that landlords and tenants can agree on, I think it’s that real estate agencies are the absolute fucking worst.
Please suggest a solution.
Landlords fulfill their contract and do the work? I thought that was clear
That isn’t clear at all because it seems like all the vitriol in this thread is about the very concept of owning real property and renting it to someone who wants to rent. This thread is not at all about landlords not fulfilling their contractual obligations. All I’m seeing here is “fuck landlords and big bad mean rich people” and it’s really childish and immature. Nobody has suggested a viable alternative yet to that, including you.
I want responding to the entire thread, only to you
So out of context and irrelevant to the discussion at hand, got it.
Don’t be so hard on yourself. Your post had value.
“Rent-seeking” as an economic concept is not when you collect rent, as a landlord does.
In Economics “rent-seeking” is seeking to receive a “rent”, but the concept of “rent” here is broader than merelly the kind of rent paid for a property (for example, when banks place themselves in the position to get a commission out of every small financial transaction out there, through “Touch To Pay” schemes, they are “rent-seeking”).
So whilst not all rent-seekers are landlords (probably not even most rent-seekers), all landlords are rent-seekers, which is exactly how I handled those definitions in my post.
Your post is like saying “‘Apple’ is not the same as ‘fruit’” when somebody else I pointed at apples and called them “fruit”.
Landlords aren’t necessarily rent-seekers (though some individuals conceivable could be) as economists use the term, and your lack of understanding of economic rent-seeking is something you can fix.
Providing a home is a benefit to the society.
Credit processors (what you’re calling “banks”) provide a service to merchants. They are also not rent-seeking.