3 ms·

Yes but also so much worse: https://en.wikipedia.org/wiki/Jeonse https://en.wikipedia.org/wiki/Jeonse

• OkayPhysicist 4y ago
  That seems significantly preferable to a rent-based system. While you're not investing any assets in your home like you would if you owned it, at least you're not hemorrhaging cash like you do when you're renting.
  • inkcapmushroom 4y ago
    The disadvantage being that you have to have $300,000 cash upfront to just live.
  • jldugger 4y ago
    > While you're not investing any assets in your home like you would if you owned it, at least you're not hemorrhaging cash like you do when you're renting. Unless you have to borrow money to make the payment. And god forbid they do something like invest it in more real estate, or worse, lose the investment and owe the government tax.