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What (who) is absentee ownership - definition
ECONOMIC TERM FOR A PERSON WHO OWNS AND RENTS OUT A PROFIT-EARNING PROPERTY
Absentee Ownership; Absentee landlords; Absentee ownership; Absentee landlordism; Landlordism ownership; Absentee Landlords
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.
Absentee
WIKIMEDIA DISAMBIGUATION PAGE
Absentee (disambiguation); The Absentee (film); The Absentee (film) (disambiguation)
·noun One who absents himself from his country, office, post, or duty; especially, a landholder who lives in another country or district than that where his estate is situated; as, an Irish absentee.
absentee
WIKIMEDIA DISAMBIGUATION PAGE
Absentee (disambiguation); The Absentee (film); The Absentee (film) (disambiguation)
¦ noun a person who is absent.
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.
Examples of use of absentee ownership
1. No absentee ownership." The desire for an owner with deep local roots could be magnified because the D.C.