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> 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 b
by azth 5y ago
> 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.
So you're giving them a usurious loan basically.
- resoluteteeth 5y agoHow is a zero interest loan usurious?
- azth 5y agoInterest doesn't have to be money, it's any benefit received for giving a loan. In this case, the benefit received is staying in the apartment unit in exchange for the loan.