"there is a culture of rent seeking" must be the understatement of the year. What the UK understands as "entrepreneurship" is buying property to rent. This is everyone from your grandma to the shiniest MBAs.
Aye. Nothing against housing associations that provide much needed social housing but the vast majority of private landlords[0], including AirBnB owners, are absolute parasites that have an entirely corrosive effect on communities and society as a whole. Indolent freeloading bloodsuckers.
[0] I'm sure there are exceptions: in fact I know there are. There are always exceptions. 20-odd years ago for a while I shared a flat with a couple of guys where the private landlord deliberately charged far below market rent in order to be able to offer affordable accommodation to people who weren't well off. Good people, the family that owned that place.