> Sure, but then they have it, and that's great. Being rewarded for your work is good. Problem is, they have to do nothing to maintain it. After an initial period of work, they have it forever. Whereas a worker who comes in afterward has no access, and even though they also put in a lot of work, they won't get any ownership.
It sounds like you are talking about the labor theory of value in Marxian economics. I'm no expert, so I'm probably oversimplifying, but I think the labor theory of value would consider exploitation to begin the instant a property owner accrued more value from rent payments than the labor it took to build the hous being rented.
Yes, although under its preferred system of ownership, the idea of owning a house you don't life in doesn't make any sense, since it's based on usufruct or use, not title.
But under capitalism, no, my initial thought would be that that is not exploitation, since there's no surplus value.
It sounds like you are talking about the labor theory of value in Marxian economics. I'm no expert, so I'm probably oversimplifying, but I think the labor theory of value would consider exploitation to begin the instant a property owner accrued more value from rent payments than the labor it took to build the hous being rented.