Re:College Kids Are Living Like Kings in Vancouver’s Empty M...
by fbonetti on Wednesday April 17, 2019 @10:02AM
(#19682627)
Hackernews needs a bot to correct people every time they incorrectly use the term "rent-seeking". Here's a hint: it has nothing to do with real estate. I see this term misused on a daily basis here.
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Re:College Kids Are Living Like Kings in Vancouver’s Empty M...
by adrusi on Wednesday April 17, 2019 @06:10PM
(#19686907)
Rent-seeking doesn't refer to specifically real estate, but renting out a piece of property that you own is rent seeking, as you are using your existing wealth to acquire new wealth without creating any wealth.