What does absentee landlord mean?
Definitions for absentee landlord
ab·sen·tee land·lord
This dictionary definitions page includes all the possible meanings, example usage and translations of the word absentee landlord.
Wikipedia
Absentee landlord
In economics, an absentee landlord is a person who owns and rents out a profit-earning property, but does not live within the property's local economic region. The term "absentee ownership" was popularised by economist Thorstein Veblen's 1923 book of the same name, Absentee Ownership. Overall, tax policy seems to favour absentee ownership. However, some jurisdictions seek to extract money from absentee owners by taxing land. Absentee ownership has sometimes put the absentee owners at risk of loss.
Wikidata
Absentee landlord
Absentee landlord is an economic term for a person who owns and rents out a profit-earning property, but does not live within the property's local economic region. This practice is problematic for that region because absentee landlords drain local wealth into their home country, particularly that of rural areas and the Third World. The term "absentee ownership" was popularised by economist Thorstein Veblen's book of the same name, Absentee ownership. When used in a local context, the term refers to a landlord of a house or other real estate, who leases the property to tenants, but fails to ensure that proper maintenance is done on it. This in turn leads to what may appear to be abandoned buildings, causing significantly-lowered property values and urban blight. Tax policy seems, overall, to favour absentee ownership. However, some jurisdictions seek to extract money from absentee owners by taxing land. Absentee ownership has sometimes put the absentee owners at risk of loss. Research suggests that net of other factors, foreign ownership has a negligible impact on the environmental performance of chemical plants. Research also indicates that in Mongolia, there is little indication that high rates of absentee ownership have detrimental ecological or social effects.
Numerology
Chaldean Numerology
The numerical value of absentee landlord in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of absentee landlord in Pythagorean Numerology is: 7
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"absentee landlord." Definitions.net. STANDS4 LLC, 2024. Web. 5 May 2024. <https://www.definitions.net/definition/absentee+landlord>.
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