> Basically, if you put down a huge deposit (like $90,000: 50% to 90% of the value of the property), you don't pay any monthly rent and get the entire deposit back when you move out.
That's kind of a strange system. Any idea how it evolved there? Basically sounds like the landlord has to invest the money in such a way as to get a return that would be equivalent to rent but also safe enough so that they can return the deposit. I don't think I'd want to be a landlord there.
That's kind of a strange system. Any idea how it evolved there? Basically sounds like the landlord has to invest the money in such a way as to get a return that would be equivalent to rent but also safe enough so that they can return the deposit. I don't think I'd want to be a landlord there.