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Giving that much money to a landlord is absolutely terrifying to me given the history of landlords I’ve had. I’d much rather own the property and deal with any
by jliptzin 5y ago
Giving that much money to a landlord is absolutely terrifying to me given the history of landlords I’ve had. I’d much rather own the property and deal with any transaction costs associated with selling.
- vmception 5y agoBasically, nobody wants to admit that their own country's long established and respected systems are ponzi schemes. Many South Korean landlords are underwater on a bad investment and use the next renter's deposit to pay out the last. Citation not possible. The point of the system was to spur investment in the south korean economy.
- revel 5y agonext question: how would one go about betting on Korean residential mortgage credit spreads as an American retail investor?
- vmception 5y agoThats not the good bet - based solely on this information - the landlords would be fine on their own property, they would have lost a portion or all of a prior renters deposit in some other speculate bet instead of just letting it sit in a bank account, new renters deposits are paying for the ability of the landlord to pay the prior renters Of course that prior speculative bet could be in mortgage(s). You would need to look at other weakness in that economy to rationalize whatever bet you want.