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I'm still not sure I understand. Based on your other comment here your not proposing a huge network of houses etc. In which case the only difference with a mo
by ErrantX 17y ago
I'm still not sure I understand.
Based on your other comment here your not proposing a huge network of houses etc.
In which case the only difference with a mortgage (and changing mortgages) is a little less paperwork/legwork.
Or am I missing the point?
- ph0rque 17y agoTo clarify, this hosting company doesn't go out and buy houses to then lease out... they would vet the mortgage in the beginning (or a customer would go to the bank to get a pre-qualified mortgage, if those things are still given out by banks) and when the customer moves, the company assumes ownership of the house to lease out to other customers or sell as it sees fit... I guess that risk on the company might be too much to assume.