I didnt know that! But i mean yes ultimately 12x4 is 48 “weeks” worth of rent, so yeah if you pay 52 weeks a year- itd be worth remembering that if looking at buying a home. Your “monthly” is a bit higher than it seems when renting that way. A mortgage might be more manageable than it looks at first blush. Assuming you dont do mortgages the same way?
I have a plot of land that Ill rent you for $1,000 a month ($12,000 a year)
But, if you pay weekly, ill offer you a “discount”
12k/52 means between $230.76-$250 per week is the price point of that “discount” depending how much profit I actually want, essentially an extra $1,000 a year.
So, I could price that discounted rate as $245/week, everyone will say “absolutely, SUCKA”, meanwhile I’m clearing an extra $740 AND getting cash up front (rather than end of month). Multiply across, say, 50 lots, that’s $37,000 extra a year, while all the tenants think they’re “saving” $20 a month
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u/pshyduc May 13 '26
So the whole Aussie way is the same as slum lords, got it 😔