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Sorry, what's your position here - that any renting of a property is an "economic rent" and thus immoral? That makes little sense to me. I am a renter and glad to be so because I'm not confident I want to live in my current home for the 5-10 years it takes for purchasing it to be worthwhile. The landlord is providing me a service, turning a big, illiquid asset into something that can be accessed with only a 1-year time commitment. This is economically productive (allows me to live somewhere I otherwise wouldn't) and is hence not an "economic rent".

The classic example of an economic rent is a feudal lord putting a chain across a river and charging a toll. This is economically unproductive because it's just putting a price on something that was free (and, you have to assume for the example, non-rivalrous). This is why the sibling comment points out that the rent-seekers in the housing market are more like the people seeking to constrain supply via zoning and regulation.






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