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South Korea's Ponzi-Like Rental System Is Imploding

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About South Korea's Ponzi-Like Rental System Is Imploding

Explore South Korea's Ponzi-Like Rental System Is Imploding with 699,749 views, 9,989 likes, and 926 comments. Experience the impact of this video content that has captured audience attention.

South Korea has a unique rental system whereby tenants give a large deposit to the land lord, typically 60 to 80% of the homes value. After the lease term expires, typically after 2 years, the land lord gives the deposit back to the tenant. During the tenancy the tenant does not pay any rent to the land lord. The deposit acts as an interest-free loan. As we show in this video, this unique rental deposit system has created a situation of inordinate amounts of leverage and recently caused major problems in the country's real estate market. Check out our second channel Broken Business Models where we discuss unusual or otherwise suspect businesses that may be unviable: https://www.youtube.com/@BrokenBusinessModels For business inquires: [email protected] For other inquiries: [email protected] Check out our new podcast on Spotify: https://open.spotify.com/show/4UZL13dUPYW1s4XtvHcEwt?si=08579cc0424d4999&nd=1 All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please send me an email, wallstreetmillennial.com, and we can sort it out. #Wallstreetmillennial #southkorea #korea –––––––––––––––––––––––––––––– Buddha by Kontekst https://soundcloud.com/kontekstmusic Creative Commons β€” Attribution-ShareAlike 3.0 Unported β€” CC BY-SA 3.0 Free Download / Stream: http://bit.ly/2Pe7mBN Music promoted by Audio Library https://youtu.be/b6jK2t3lcRs –––––––––––––––––––––––––––––– 0:00 - 1:20 Intro 1:21 - 5:54 Rental Deposits 5:55 Debt Crisis

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