3 ms·

Once the property is paid off everything over property tax and maintenance is rent seeking though, right?

• refurb 6y ago
  I would say no, as the owner is still profiting based on the value offered (the home for rent). I wouldn't think that whether it's financed or not would change that. So the rent seeking would remain constant. If the home+land is value at $500k, but the land is worth $200k, then 40% of the income could be regarded as "rent seeking".
  • 1-more 6y ago
    But really they're profiting off of their ability to control access to that property with the backing of the state.