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Because one is literally the definition of rent-seeking[0], and one is not.

[0] https://en.wikipedia.org/wiki/Rent-seeking



Despite having linked to literally the first google hit on 'rent seeking', you obviously don't even know what it means.


Did you care to read the content of the link you posted?

Because then you'd know that housing is not rent-seeking by this definition as there clearly is a contribution to productivity.

Houses have to be built, maintained, developed and advertised on the market. And there are a lot of risks in this business.


Housing ownership _can_ be rent-seeking, as long as rentier behavior is applied to the stock.

For example, home-owners in San Francisco who actively prohibit new construction are rent-seekers.




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