Comments by "Wandering Existence" (@WanderingExistence) on "Next 9NEWS"
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Even Adam Smith knew landLORDing was a scam, a monopolistic rip off, a crime against humanity. If we didn't have landlords rent seeking (taking profit but adding no value) then housing, and living in general, would be more affordable.
"The rent of land, therefore, considered as the price paid for the use of the land, is naturally a monopoly price. It is not at all proportioned to what the landlord may have laid out upon the improvement of the land, or to what he can afford to take; but to what the farmer can afford to give." — Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations, Book I, Chapter XI "Of the Rent of Land"
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