3 ms·
It's great it worked for you to get you your "1 nice house with no mortgage", but as the article states this only works if property prices don't fall. I think y
by vore 4y ago
It's great it worked for you to get you your "1 nice house with no mortgage", but as the article states this only works if property prices don't fall. I think your comment completely disregards the really bad flip side of this scheme that the article is talking about and you are cherry-picking your personal anecdote to... flex...?
- pigtailgirl 4y ago-- most people here not trying to build house of card scam jeonse empires is point of my post - korea is usually quite an honest country - assume positive intent! =) --
- IG_Semmelweiss 4y agoThats ok. But there are bad apples everywhere. This seems like Russian roulette - gambling your early life financial stability in that your landlord is a usual straoght arrow so you can pay nominally lower rent. Even a 5% counterparty risk in return for marginally lower rent seems like a bad deal considering the amount at risk is life changing. The deposit is not held in escrow. A loss of a non collaterized 300k loan in early marriage couples could be devastating.