Quote:
Originally Posted by shake
I wouldn't say a scam, but a little shady.
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Nah, the owner entered the agreement in good faith and the tenants fucked it up. Is the place supposed to sit empty? Of course not. Is the owner supposed to change how he offers the property in the future? Of course not. They move on to the next person. If they don't fuck it up they end up buying the house... if they fuck it up they end up on the curb.
Also, there is risk to these agreements. Why not charge above the mortgage rate? Risk is supposed to come with reward. The owner is on the hook if the rent to buy people trash the place and abandon it so why shouldn't the owner make money for exposing himself to potential risk?