&gt; NEWSFLASH: buying land and sitting on it to exploit scarcity creates no wealth.<p>You don&#x27;t sit on it, you rent it out to people who can&#x27;t afford or don&#x27;t want to buy their own homes. Where are those people supposed to live if there were no landlords?<p>I&#x27;m very happy and grateful I can pick any city in the world, move there, and find someone with an extra home willing to let me live in it in exchange for some cash.