[morgante]

> For example, they could lobby a city to restrict new development, thereby reducing competition and protecting or increasing their revenue.

You don't have to be the one to create a rent-seeking opportunity to be the one who benefits from it.

The fact that many desirable locales have strict zoning regulations to restrict development absolutely turns homeowners there into rent-seekers. They're exploiting a stream of income which only exists due to government intervention.

[skewart]

For sure, homeowners are very often rent-seekers. In fact, I would be willing to wager that there are a lot more rent-seeking homeowners than professional real estate investors.

I took the question in the thread to be more about real estate investment firms than individual homeowners.