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What's the deal with the Busan housing shortage?
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rayjoy



Joined: 19 Jan 2008
Location: Dynamic Busan

PostPosted: Sat Aug 23, 2008 12:11 pm    Post subject: What's the deal with the Busan housing shortage? Reply with quote

I'm here with EPIK in orientation and there have been rumblings of schools telling new teachers: "Sorry, can't find you a house!" Yesterday, my boyfriend and I got our own similar e-mail. They basically said this:

We are having problems finding you an apartment because everyone does not move until the spring. Everything we have found for you near your schools is too small. The larger apartments are too expensive. We found you a larger apartment but it's more than 30 mins away. What do you think?

What are we supposed to think? I asked another couple and they said they did get a two bedroom but I guess it has high utilities. We don't mind paying an extra 200-300k a month for a nice place but seriously, what is the deal?

So we asked what neighborhood the further apartment is in, and what exactly "larger" means. We're tempted to just take the money and get our own place but HOW? I haven't the first clue how to do that, especially since we have all our hours planned for us in orientation.

Is it too much to insist we get the apartment we were originally promised? Are we just being inflexible complainers? I just don't see how a one or two bedroom apartment would be more expensive than two studio apartments. Maybe someone can shed light on this situation.
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Draz



Joined: 27 Jun 2007
Location: Land of Morning Clam

PostPosted: Sat Aug 23, 2008 1:35 pm    Post subject: Reply with quote

"More than" 30 minutes means at least 40 minutes. Possibly even an hour. Or even more, since they probably mean a 30 min DRIVE and are you really going to be driving yourself around Busan? I'd say no, it's too far, and see where that gets you.
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rayjoy



Joined: 19 Jan 2008
Location: Dynamic Busan

PostPosted: Sat Aug 23, 2008 2:07 pm    Post subject: Reply with quote

Draz wrote:
"More than" 30 minutes means at least 40 minutes. Possibly even an hour. Or even more, since they probably mean a 30 min DRIVE and are you really going to be driving yourself around Busan? I'd say no, it's too far, and see where that gets you.


Ha, yes, no intentions of driving.

If we keep holding out, will they eventually pull together something decent? I just wonder if they keep offering us these less desirable options because it saves them money/effort looking or if there's really nothing else to offer us.
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Draz



Joined: 27 Jun 2007
Location: Land of Morning Clam

PostPosted: Sat Aug 23, 2008 2:58 pm    Post subject: Reply with quote

rayjoy wrote:
Draz wrote:
"More than" 30 minutes means at least 40 minutes. Possibly even an hour. Or even more, since they probably mean a 30 min DRIVE and are you really going to be driving yourself around Busan? I'd say no, it's too far, and see where that gets you.


Ha, yes, no intentions of driving.

If we keep holding out, will they eventually pull together something decent? I just wonder if they keep offering us these less desirable options because it saves them money/effort looking or if there's really nothing else to offer us.


Most likely the first one. I'm not an expert on the Busan housing market though... I don't think anyone on the board is. Try saying no first.
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oskinny1



Joined: 10 Nov 2006
Location: Right behind you!

PostPosted: Sat Aug 23, 2008 5:49 pm    Post subject: Reply with quote

Draz wrote:
"More than" 30 minutes means at least 40 minutes. Possibly even an hour. Or even more, since they probably mean a 30 min DRIVE and are you really going to be driving yourself around Busan? I'd say no, it's too far, and see where that gets you.


An hour away by subway in Busan is clear across the city. I highly doubt that you will be on the opposite end. Ask them if they are measuring by car or subway times. Maybe they meant a 30 minute walk.
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The DON



Joined: 30 Apr 2008

PostPosted: Sun Aug 24, 2008 2:36 am    Post subject: Reply with quote

That is so wrong! That is just too far to be from your apartment!

There are so many apartments available in Busan. Just go to any apartment rental office and they will have 20-30 apartments each. There are probably 1000+ of these palces in Busan. I just went and visited about 30 apartments this weekend as my buddy is coming in town next week and getting his own apartment.

I think the real reason is that the public schools offer a fixed (lower)budget for their apartments. With inflation going up, the apartment prices have gone up a bit but the housing budget has not. Even before inflation, most public school teacher were given pretty small and older apartments. And if you have any issues like your refrigerator breaks down or you have plumbing problems, be prepared to fix this with your own money.
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TDR



Joined: 07 Feb 2007
Location: Busan

PostPosted: Sun Aug 24, 2008 9:43 pm    Post subject: Reply with quote

The DON wrote:
That is so wrong! That is just too far to be from your apartment!

There are so many apartments available in Busan. Just go to any apartment rental office and they will have 20-30 apartments each. There are probably 1000+ of these palces in Busan. I just went and visited about 30 apartments this weekend as my buddy is coming in town next week and getting his own apartment.



What The Don doesn't mention here is what size are the apartments that he was looking at, where they were located and how much was the key money/rent money. That information would probably help you a lot. As well, I'm going to bet that unless he speaks fluent or decent Korean, he had a Korean friend or coworker to help him.

My girlfriend and I have been looking for an apartment this month and just found a place. However, it was tough. We were looking for a 2-3 bedroom place between Su-yeong and Daeyeon-dong. One day we went to 10 different real estate agents (부동산) and the lot of them had an whopping 2 apartments available. No sh*t, two of them. We eventually found a place and went to sign the contract immediately after viewing it. As we sat down to pay the deposit, another person called to rent the exact same place. We got lucky on that one; if we'd waited, we wouldn't have gotten it. To find a place that we both liked, didn't have debt leveraged against it, wasn't in a scuzzy alleyway and wasn't falling apart, we had to spend just under two weeks of full 6-8 hour days going from place to place and real estate agent to real estate agent.

As well, I just had a friend try to move from a one-room in Dongnae (his landlords tried to raise the rent from 400K won to 450K won which was against the originally signed contract on his 5 000 000won key-money apartment). He had a hell of a time trying to find a place in between PNU and Dongnae that wasn't utter crap or overpriced. He just got a loft style place in Oncheon-dong. Make no bones about it: the Busan housing market is rather competitive at this point.

There are a few reasons for this but apparently the main two are as follows:
(1) The economic downturn has caused the companies building apartments in Busan to slow down or stop construction, thereby constricting the number of available units.
(2) Apparently Korean people (at least in Busan) don't really tend to move house in August because of the awful heat. Apparently mid-fall and mid-spring are the two best times to be looking for an apartment.

I didn't just pull this information out of nowhere. It's been related to us time and time again by real estate agents, landlords, my co-workers, my girlfriend's friends and other apartment owners over the past month.


Quote:
And if you have any issues like your refrigerator breaks down or you have plumbing problems, be prepared to fix this with your own money.


Bullsh*t. I'm on my second contract with EPIK and I have never had to pay for anything in regards to repairs to my apartment. Broken locks, broken water heater, broken cabinets and everything else taken care of by my school liaising with the landlord. All I had to do is set up a convenient time so that I could be there when the repair guy came.

rayjoy wrote:
I just don't see how a one or two bedroom apartment would be more expensive than two studio apartments. Maybe someone can shed light on this situation.


The way that I see it is this:

Your usual two bedroom apartment is going to have key money which is anywhere from 25 000 000won to 50 000 000won. For instance, we currently live in a two bedroom place that is a bit older and we paid 35 000 000won key money and a 100 000won per month in rent. (Generally, if you pay 10 000 000 won more than the asking price, you'll get a reduction in rent by 100 000won per month. The opposite also applies, if the landlord is willing to agree with it, as in our case.)

For a one-room or a loft-style one room, depending on the age of the building, it is generally 5 000 000won to 10 000 000 million won with about 300 000 per month in rent (rent can and will vary). As well, the likelyhood of your two schools splitting the cost of a larger place is a lot less than each of them renting you a single room place. You can see that the cost of renting two single-room apartments is likely to be a lot less than the cost for double. They may also be easier to find.

(Yes, it would might make complete sense for the two schools to communicate and to work together to get you a larger place. They could then split the costs out of their respective budgets. And you'd both be very happy. But, sorry, that's just not going to happen.)


If anything I've posted here isn't clear feel free to reply or to PM me.

-TDR-


As an aside: each school gets (as of last year, anyway) 50 000 000 won in money for each non-Korean English instructor. This is to cover your apartment, buying the necessary things for your apartment, your salary and the school's portion of your deductions. If something should go wrong with your appliances or apartment, they have the money budgeted to deal with it.
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rayjoy



Joined: 19 Jan 2008
Location: Dynamic Busan

PostPosted: Mon Aug 25, 2008 1:23 am    Post subject: Reply with quote

TDR, thank you so much for this very useful information!

An update on our situation: We've been emailing back and forth all day with my boyfriend's school contact (maybe co-teacher). They've told us all they have left are a 40 sq meter studio apartment 20 minutes away. They said anything larger than a studio is too expensive in that area and there are a lot of studios (it's near Pusan National University). Since it seems we have NO CHOICE, we've requested TWO studio apartments in the same building. That way we can use one for sleeping and the other for being awake. Our sleep schedules are too different for it to be a comfortable year in one single room.

Though TDR, I didn't realize there were studios with lofts. I've seen YouTube videos of Busan lofts and they all seem to be two bedrooms. We sent another email to our contact saying we'd be happy with a studio loft, because at least then our sleeping area can be somewhat separate from the rest of the room.

I have to say this situation is so frustrating. I've heard story after story of people being told by schools that their requests are impossible and then magically everything works out. We had a Q & A today with a guy and he said many couples have housing problems at first but they all get sorted out. Well, this one seems perpetually unsolvable. I just can't help but think why would they place us in schools in an area where two-bedroom apartments are so unattainable? Why not just place singles there and then couples can go to a more affordable area (there are couples going to Busan who have gotten 2 bedroom apartments--so it is possible!). I spoke with one of the Busan coordinators and she said "I'll look into it." I'm not holding my breath but gosh--I'll be there in 4 days. I'm ----ed aren't I?
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TDR



Joined: 07 Feb 2007
Location: Busan

PostPosted: Mon Aug 25, 2008 5:17 pm    Post subject: Reply with quote

http://farm1.static.flickr.com/151/420515310_8293787802.jpg?v=0

If you go to this link, you will see a picture of what I mean in terms of a loft-style apartment. Three of my friends live in apartments like these and they are all pretty happy with their situation. One friend is single and the other two are each in a relationship and live with their boyfriend/girlfriend.

Unfortunately, in Korea, there is no "why?". It's just the way it is. If that sounds rather bleak, it can be, but you've just gotta roll with the punches. Other couples may have gotten a two bedroom place but it's also possible that their school was just in the right place at the right time.

It's not that any one area of the city has a ton of two bedroom places and other areas exclusively have studios (although I'd bet that there are more studios in the PNU/Kyungsung Uni/Pukyoung Uni areas). It's more mixed up than that and it just depends on which place you go to. I see what you mean in regards to sleeping schedules and I think that it's a decent compromise to have two single room apartments in one building if that's the best they can do. Do not, I repeat, do NOT let them put the two of you in a single studio apartment that is only 40 square meters unless you want to kill each other by the end of the year.

By the way, if it's only 20 minutes from PNU, have they told you where you will be working? Things have a way of working themselves out if you keep your cool and don't blow a gasket at someone. Be firm, keep your cool and doors will open.

-TDR-
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bassexpander



Joined: 13 Sep 2007
Location: Someplace you'd rather be.

PostPosted: Mon Aug 25, 2008 5:24 pm    Post subject: Reply with quote

I highly doubt they'll go for 2 apartments.

Personally, I'd be telling them I'm going elsewhere unless they figure out the housing situation. I've been here a while, though, and have a lot of balls. Sounds to me like they're not looking very hard and want to be cheap.
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rayjoy



Joined: 19 Jan 2008
Location: Dynamic Busan

PostPosted: Mon Aug 25, 2008 5:47 pm    Post subject: Reply with quote

bassexpander wrote:
I highly doubt they'll go for 2 apartments.

Personally, I'd be telling them I'm going elsewhere unless they figure out the housing situation. I've been here a while, though, and have a lot of balls. Sounds to me like they're not looking very hard and want to be cheap.


I hear all about these "guns" you are supposed to stick to in Korea but what option do I have? We are with EPIK. We are in Seoul at orientation allegedly going to Busan on Friday and they are claiming that we are have no options but a one-room studio. Where else would I go?

Like I said, I talked to the coordinator here for the Busan group and she said "okay I'll check it out." That sounds very non-promising.

Anyways, I talked to a 2nd couple here at EPIK. They were told they are getting a loft. Our school contact has not yet written us back about our two apartments or loft idea.

I gotta admit, I was very calm coming to Korea and EPIK's been mostly very helpful but right now I feel totally backed into a corner.

Could I expect to go to Busan and get someplace terrible and be moved after a short time? Ideally I'd love an appropriate apartment NOW but I'm starting to think that won't happen.

By the way our contact said the 40 sq m apartment is in Jang Jun Dong (is that Jangjeon dong?). Any thoughts?

And thanks to everyone for their help. Our contact is telling me how these other couples are living in single room apartments--I REALLY don't want to cave. I'll keep at it...
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John Henry



Joined: 24 Sep 2004

PostPosted: Mon Aug 25, 2008 9:48 pm    Post subject: Reply with quote

EPIK has a 400,000 budget for rent. You aren't going to find a lot of decent places for that.

In addition to the things mentioned above, there are some older aparteus being torn down right now, so a lot of people are trying to find new places to live.
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TDR



Joined: 07 Feb 2007
Location: Busan

PostPosted: Mon Aug 25, 2008 10:36 pm    Post subject: Reply with quote

rayjoy wrote:
By the way our contact said the 40 sq m apartment is in Jang Jun Dong (is that Jangjeon dong?). Any thoughts?

And thanks to everyone for their help. Our contact is telling me how these other couples are living in single room apartments--I REALLY don't want to cave. I'll keep at it...



Just keep being polite but firm and you'll get your way. It is possible that they will move you into a single and move you after but I'm like you in that I'd prefer to deal with it upfront. But if there really aren't any places....what can you do?

I have had several friends who've lived in Jangjeon-dong and it's easily within walking distance of PNU. 10 minutes, max. They all liked it because it was slightly quieter than PNU and the subway station is still right there if you're travelling farther.

Your contact is telling you that but tell him/her that it's great for other couples, but not so great for you. Polite but firm, as I've said. Don't be a push over or it'll ruin your whole year. Where are you working if you're living in Jangjeon-dong? I am assuming that you're both working at different EPIK schools, right? If that's the case, you've separate contracts which means that, technically, you should be owed two apartments. However, we all know how well contracts are regarded here.

-TDR-
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rayjoy



Joined: 19 Jan 2008
Location: Dynamic Busan

PostPosted: Mon Aug 25, 2008 10:48 pm    Post subject: Reply with quote

John Henry wrote:
EPIK has a 400,000 budget for rent. You aren't going to find a lot of decent places for that.

In addition to the things mentioned above, there are some older aparteus being torn down right now, so a lot of people are trying to find new places to live.


For couples too? That's what our contact is trying to tell us. They said they have this:

Singles: 400,000 plus no housing allowance
Couples: Single housing, 400,000, plus 300K housing allowance
OR Larger housing, 400,000 rent, no housing allowance.

So you are supposed to find a larger apartment than single housing for the same price as single housing and then not give housing allowance? They said it's because the deposit is more but--the deposit is one time and refundable.

Wow, I am so unbelievably frustrated. I feel very very far from home right now.
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Scarlet13



Joined: 10 Apr 2007
Location: Changwon

PostPosted: Tue Aug 26, 2008 3:15 pm    Post subject: Reply with quote

rayjoy wrote:
bassexpander wrote:
I highly doubt they'll go for 2 apartments.

Personally, I'd be telling them I'm going elsewhere unless they figure out the housing situation. I've been here a while, though, and have a lot of balls. Sounds to me like they're not looking very hard and want to be cheap.


I hear all about these "guns" you are supposed to stick to in Korea but what option do I have? We are with EPIK. We are in Seoul at orientation allegedly going to Busan on Friday and they are claiming that we are have no options but a one-room studio. Where else would I go?

Like I said, I talked to the coordinator here for the Busan group and she said "okay I'll check it out." That sounds very non-promising.

Anyways, I talked to a 2nd couple here at EPIK. They were told they are getting a loft. Our school contact has not yet written us back about our two apartments or loft idea.

I gotta admit, I was very calm coming to Korea and EPIK's been mostly very helpful but right now I feel totally backed into a corner.

Could I expect to go to Busan and get someplace terrible and be moved after a short time? Ideally I'd love an appropriate apartment NOW but I'm starting to think that won't happen.

By the way our contact said the 40 sq m apartment is in Jang Jun Dong (is that Jangjeon dong?). Any thoughts?

And thanks to everyone for their help. Our contact is telling me how these other couples are living in single room apartments--I REALLY don't want to cave. I'll keep at it...


I lived with my boyfriend for 8 months in a really tiny studio. We managed but it is very trying at times. Especially when you have different sleeping habits. There is NO reason why two teachers should be expected to share a single room. I would not accept that. Two studios would be fine or a loft but one studio for two people for a year? Yikes!
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