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In Israel in the 60-80's the state created "rent to own" housing projects for poor people. It worked pretty well.
by petra 6y ago
In Israel in the 60-80's the state created "rent to own" housing projects for poor people.
It worked pretty well.
- Sohcahtoa82 6y agoMeanwhile, in the USA, the only "rent to own" that we have are places like Rent-A-Center where you pay $20/week for a year for something that has a retail value of $300.
- Anon1096 6y agoPaying a mortgage isn't much different than a rent to own scheme.
- petra 6y agoIsrael at that time was a poor country, and home for many Jews who came from around the world with nothing . Under those conditions, getting a down payment on a mortage was huge problem.
- aspenmayer 6y agoQualifying for a mortgage is much different than qualifying for a lease, however.
- JAlexoid 6y agoThat's really not true. Have you tried applying for a mortgage and renting?
- omilu 6y agoSounds like the same thing as a mortgage.