If you want to ferment under pressure, I wouldn't do it in anything not designed to hold the pressure. If you were fermenting in a keg with some kind of pressure relief valve, that'd be fine, but I don't really see any other way of (safely) doing what you want to do.
There's a guy in my homebrew club who comes across used kegs all the time. He sells them for about $30-50 depending on their condition. I've thought about getting one of those to do exactly what you're talking about, but that's not high on my budget right now.