Re:Ask HN: Where can I live off 1k USD per month?
by azth on Thursday August 26, 2021 @05:25PM
(#28321023)
> 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.
Re:Ask HN: Where can I live off 1k USD per month?
by azth on Thursday August 26, 2021 @06:48PM
(#28322039)
Interest 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.
So you're giving them a usurious loan basically.