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Discussion: Korean Economy Crash - Bye Bye Key Money??
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inukshuk



Joined: 27 Jan 2008
Location: korea

PostPosted: Fri Feb 15, 2008 3:05 am    Post subject: Reply with quote

nope, same problem. You're in social sciences amigo. Case study analysis exists by comparing like examples. It's not a pure science in which a case can be studied in isolation.
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4 months left



Joined: 07 Feb 2003

PostPosted: Fri Feb 15, 2008 4:27 am    Post subject: Reply with quote

Cheonmunka wrote:
Quote:
If you don't get the key money back then you get the apt.

No, you pay the bank off first.

Seems like you guys need a lesson in layman economics...


Never said you might not have to pay the bank. Seems like you need a lesson in reading.
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Homer
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PostPosted: Fri Feb 15, 2008 5:29 am    Post subject: Reply with quote

Answer: It depends.

Sorry this is not a yes/no type question.
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inukshuk



Joined: 27 Jan 2008
Location: korea

PostPosted: Fri Feb 15, 2008 5:04 pm    Post subject: Reply with quote

homer doesn't know.
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thepeel



Joined: 08 Aug 2004

PostPosted: Fri Feb 15, 2008 11:40 pm    Post subject: Reply with quote

inukshuk wrote:
IMF brought down Argentina. Check out Naomi Klein's THE TAKE documentary.


Nonsense. Argentina screwed herself by pegging her currency to the US dollar (to fight hyperinflation that had reached 150%/month) and then flooding her economy with credit. The logical thing happened and the currency collapsed and then IMF lent it money (which was to pay back the debts that Argentina had run up on international markets) provided Argentina made some reforms. The reforms is what Klein discusses at the start of The Take and the rest of the movie is about a bunch of peasants stealing factories.

Argentina was very wealthy at one time. Years of military rule and economic mismanagement screwed it up. Blaming the IMF is nuts.
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bobbyhanlon



Joined: 09 Nov 2003
Location: 서울

PostPosted: Sat Feb 16, 2008 1:13 pm    Post subject: Reply with quote

i'd say the chances of a total economic collapse are about the same as being struck by lightning. don't worry about it.
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inukshuk



Joined: 27 Jan 2008
Location: korea

PostPosted: Sat Feb 16, 2008 5:24 pm    Post subject: Reply with quote

i've been struck by lightening.
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Homer
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PostPosted: Mon Feb 18, 2008 4:30 am    Post subject: Reply with quote

inusuk...lets see.

My first appartment here (not the one we bought) we paid key money and would have gotten it back regardless of the economy because we had a clear contract, insurance and did our homework.

Other people invest key money more blindly, then if they economy crashes and they leave, they might not get it back.

Then again, only a complete moron would plunk down a chunk of key money before making damn sure it was protected money and insured.

But hey...it is a yes no question right so carry on.
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