5 Comments
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Matthew Baltzell 🎯's avatar

Great to see you back!!! I always enjoy reading your content

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petermiyoung89's avatar

"If you have a deed and are required pay a fee annually to keep the property, is it really yours?" - This is the question isn't it? Ultimately the government owns real estate and we rent it from them.

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Governology's avatar

If you want to look at it this way, they're renting it to you at a massive discount vs market rate.

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Bitcoin Urbanism's avatar

No, not really. This is equivalent to saying NNN deals are cheaper rent. Not at all. Leasee bears the cost of maintenance, repairs, assessments, etc.

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Governology's avatar

Well, I wouldn't advocate for looking at it as "renting from the government" but unless you're saying that the cost of maintenance/etc approximately equals the difference between property tax and market-rate rent, couldn't you treat any surplus as a "discount"?

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