Comment on Rent is theft
brownsugga@lemmy.world 1 day agoNo property is free to own, at least in the USA. All property owes tax to the state, and 99% of dwelling units needs utilities and upkeep
Comment on Rent is theft
brownsugga@lemmy.world 1 day agoNo property is free to own, at least in the USA. All property owes tax to the state, and 99% of dwelling units needs utilities and upkeep
FunkyStuff@lemmy.ml 1 day ago
Say you pass down all the recurring costs (I said damage in my comment above but sure, include utilities and upkeep too) to the tenant.
As for property taxes, consider that the purpose of property taxes is to slow down the rate at which the owners of land accrue wealth. Without them, there is no friction on land speculation, and landownership becomes too attractive as a source of income, which impedes the flow of capital to industry. This means that (in theory) property taxes correspond to appreciation of land. This means that paying property taxes on property ought to fall on the owner because they’re the ones that benefit from the appreciation anyway.
If you disagree with that, then say you pass down the property taxes to the tenant as well.
In total, you’d be making 0 profit, with some debate on the subject of the appreciation of the home. This situation is more or less fair. Any profit that you would be making is what comes out of appropriating surplus value, that was my point.