<i>NEWSFLASH: buying land and sitting on it to exploit scarcity creates no wealth. Therefore if you buy lower and sell higher that money comes from wealth created elsewhere, making you a leech. If you buy somewhere to live in, fine, but more than one place to speculate: you are leeching off of the labour of others.</i><p>Is that entirely true? If you&#x27;re willing to take on the responsibilities of being a landlord, and rent out your property, you are providing utility to those renting from you.<p>I think more people would agree with you if you were talking about those CREATING scarcity, by arbitrarily raising prices in a real estate market that has an inherent cap on supply.