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A comment on ARM founder says Softbank deal is 'sad day' for UK tech. Parent comment

Re:ARM founder says Softbank deal is 'sad day' for UK tech by morgante on Tuesday July 19, 2016 @12:17PM (#12122604)
> For example, they could lobby a city to restrict new development, thereby reducing competition and protecting or increasing their revenue.

You don't have to be the one to create a rent-seeking opportunity to be the one who benefits from it.

The fact that many desirable locales have strict zoning regulations to restrict development absolutely turns homeowners there into rent-seekers. They're exploiting a stream of income which only exists due to government intervention.

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Re:ARM founder says Softbank deal is 'sad day' for UK tech by skewart on Tuesday July 19, 2016 @01:29PM (#12123231)
For sure, homeowners are very often rent-seekers. In fact, I would be willing to wager that there are a lot more rent-seeking homeowners than professional real estate investors.

I took the question in the thread to be more about real estate investment firms than individual homeowners.

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