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Did I get ripped off?

 
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thepeel



Joined: 08 Aug 2004

PostPosted: Wed Jun 15, 2005 9:21 am    Post subject: Did I get ripped off? Reply with quote

Hi,

A quick question for those who know about Kangnam rental issues.

I just rented an officetel at SNU-EDU station. It is really big, and we are the first to live in it (brand new building). We paid 20mil key money and 500 rent. It has an amazing view, but no storage space. Also, it is fully furnished.

Did we get taken?
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the_beaver



Joined: 15 Jan 2003

PostPosted: Wed Jun 15, 2005 9:34 am    Post subject: Reply with quote

How many ?
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JongnoGuru



Joined: 25 May 2004
Location: peeing on your doorstep

PostPosted: Wed Jun 15, 2005 9:37 am    Post subject: Reply with quote

Yeah, "really big" doesn't help much.

You're up late, you two.
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the_beaver



Joined: 15 Jan 2003

PostPosted: Wed Jun 15, 2005 9:38 am    Post subject: Reply with quote

JongnoGuru wrote:
Yeah, "really big" doesn't help much.

You're up late, you two.


Still grading.
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thepeel



Joined: 08 Aug 2004

PostPosted: Wed Jun 15, 2005 9:40 am    Post subject: Reply with quote

17 or 18 pyeong I think.
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the_beaver



Joined: 15 Jan 2003

PostPosted: Wed Jun 15, 2005 9:57 am    Post subject: Reply with quote

BJWD wrote:
17 or 18 pyeong I think.


Sounds in the normal range to me.
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JongnoGuru



Joined: 25 May 2004
Location: peeing on your doorstep

PostPosted: Wed Jun 15, 2005 10:03 am    Post subject: Reply with quote

That rent arrangement sounds about right. Most places I've just seen in that area and of that size are 10 mil. deposit/600k monthly or in that range. Your additional 10 mil. deposit is saving you per year far more than any bank interest would pay. (gobs more) New building? Nice building? I'd say you weren't taken at all.

I wouldn't call 17~18 really big as officetels go. Kinda big might be more accurate. You said "we", so I'm guessing you're living there with someone. Hope it's a bed-buddy, cuz them's close quarters, even with the crawl-spacey upper level if it's got one. Pics?
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inkoreaforgood



Joined: 15 Dec 2003
Location: Inchon

PostPosted: Wed Jun 15, 2005 2:38 pm    Post subject: Reply with quote

JongnoGuru wrote:
I wouldn't call 17~18 really big as officetels go. Kinda big might be more accurate. You said "we", so I'm guessing you're living there with someone. Hope it's a bed-buddy, cuz them's close quarters, even with the crawl-spacey upper level if it's got one. Pics?


If they weren't bed buddides before, they are now...
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mack the knife



Joined: 16 Jan 2003
Location: standing right behind you...

PostPosted: Wed Jun 15, 2005 3:56 pm    Post subject: Reply with quote

20 mil. for an officetel is excessive. I've been in some of the fanciest officetels (in Gangnam/Mokdong/etc.) and those typically go for 5-10 mil key money with 500-800 rent.
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