From: Dave Long (email@example.com)
Date: Thu Jan 13 2000 - 08:47:01 PST
Information Age? Landlording and babysitting both go back to at
least the stone age, and probably well before then. At least bank
robbery implies banks, which imply accounting, so that qualifies as
information age, if you count the information age as having lasted
for a few millenia.
True, collecting rents requires a certain amount of information
technology, but the latencies are such that tally sticks or quipu
strings suffice for the preliterate.
In this case, it doesn't seem that the landlords are really making
out like bandits: a 5-10 times increase in rent over 20-30 years is
a nice return, but they're probably doing much better on the
capitalized value of those complexes than on the rents themselves.
(the Reuters byline -- now that's information age)
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