| View previous topic :: View next topic |
| Author |
Message |
red_devil
Joined: 30 Jun 2008
Location: Korea
|
 Posted: Mon Aug 17, 2009 9:20 pm Post subject: Housing Market is NUTS here! |
 |
|
Do people really dish out for these ridiculous housing prices in Seoul? I mean granted, i'm looking in or near Gangnam, but still. It's like i never left S. California...at least there if i drop $2500 on monthly rent, i don't need to pay a deposit of $20K! Talked to a few real estate guys that tell me it's impossible to find anything decent in Gangnam for less than 3M won a month...i found a few select places for like 2M but they require like 30M won key money...i thought we were in a recession here??? How can housing prices still stay so high when people don't have money? And i make pretty good money, and this is still way past my budget. Who drops 4M a month on RENT?  |
|
| Back to top |
|
 |
freshking
Joined: 07 Dec 2006
|
| Posted: Mon Aug 17, 2009 9:35 pm Post subject: |
|
|
| Dude you're in the most expensive neighborhood of the most expensive city in the country. I'm sure you figured that out already, but yeah it's ridiculously expensive. |
|
| Back to top |
|
|
Captain Corea
Joined: 28 Feb 2005
Location: Seoul
|
| Posted: Mon Aug 17, 2009 9:39 pm Post subject: |
|
|
| Far more loan are being issued - thus keeping the housig market up. |
|
| Back to top |
|
|
tremendous
Joined: 12 Aug 2009
|
| Posted: Mon Aug 17, 2009 9:47 pm Post subject: |
|
|
| Housing prices are on their way back up. Not sure if they even ever dropped in Kangnam. |
|
| Back to top |
|
|
CA-NA-DA-ABC
Joined: 20 Jun 2006
|
| Posted: Mon Aug 17, 2009 9:48 pm Post subject: |
|
|
| freshking wrote: |
| Dude you're in the most expensive neighborhood of the most expensive city in the country. |
THIS. |
|
| Back to top |
|
|
samd
Joined: 03 Jan 2007
|
| Posted: Mon Aug 17, 2009 9:53 pm Post subject: |
|
|
| What do you mean by "decent"? |
|
| Back to top |
|
|
bassexpander
Joined: 13 Sep 2007
Location: Someplace you'd rather be.
|
| Posted: Mon Aug 17, 2009 10:06 pm Post subject: |
|
|
| Look for something on the olive-colored line heading North. You can still get to Kangnam fast and rates are better. Try around Youngmassan station. |
|
| Back to top |
|
|
CA-NA-DA-ABC
Joined: 20 Jun 2006
|
| Posted: Mon Aug 17, 2009 10:10 pm Post subject: |
|
|
| The fact is that for whatever reason you've chosen to narrow your scope to Gangnam, a small patch of land that is notorious even among the locals for a hyper-inflated market to make a generalized judgement about an erroneously larger concept you only vaguely specify as "here". |
|
| Back to top |
|
|
red_devil
Joined: 30 Jun 2008
Location: Korea
|
| Posted: Mon Aug 17, 2009 10:15 pm Post subject: |
|
|
| It's not just Gangnam. Seocho is the same as is, Yongsan, Mapo, Jamsil, Songpa is probably the least expensive. |
|
| Back to top |
|
|
CA-NA-DA-ABC
Joined: 20 Jun 2006
|
| Posted: Mon Aug 17, 2009 10:37 pm Post subject: |
|
|
Sorry, but in the real estate world, Seocho and Songpa are under the umbrella of "Gangnam."
Still, the housing prices in Seoul are nothing extraordinary given the city's economic scale.
Also, Jamsil and Yongsan are some of the most expensive areas in Seoul. Housing prices in the Jamsil area jumped up by almost 100 million won the day after the planned construction of Lotte World 2 was announced. |
|
| Back to top |
|
|
pkang0202
Joined: 09 Mar 2007
|
| Posted: Mon Aug 17, 2009 10:44 pm Post subject: |
|
|
What kind of place is the OP getting? a 4 bedroom at Lotte Castle!?!??
In Gangnam you can find a good Officetel One-room for 10 mil down, and 800k a month. (Doosan We've Centium, LG Eccelat)
Also for that much, you can find a 2 room at a Villa. |
|
| Back to top |
|
|
fruitcake
Joined: 18 Apr 2004
Location: shinchon
|
| Posted: Tue Aug 18, 2009 12:11 am Post subject: |
|
|
| it's gonna pop |
|
| Back to top |
|
|
Dude Ranch
Joined: 04 Nov 2008
|
| Posted: Tue Aug 18, 2009 12:24 am Post subject: |
|
|
| fruitcake wrote: |
| it's gonna pop |
touche |
|
| Back to top |
|
|
red_devil
Joined: 30 Jun 2008
Location: Korea
|
| Posted: Tue Aug 18, 2009 12:26 am Post subject: |
|
|
| pkang0202 wrote: |
What kind of place is the OP getting? a 4 bedroom at Lotte Castle!?!??
In Gangnam you can find a good Officetel One-room for 10 mil down, and 800k a month. (Doosan We've Centium, LG Eccelat)
Also for that much, you can find a 2 room at a Villa. |
Looking for 1 bd/1ba where bedroom is separate - some reason places call this a 2 room, strange. Also villas are just as expensive about 3M a month. I will probably end up getting an officetel i know they can be decent, but still you're sleeping in the living room basically...right now i'm looking at loft officetels, i think that's probably what i'll end up getting. I could afford 2-3M a month but not the 30M key money...and even if i could afford the monthly, who'd want to flush 3M ($2400) a month down the drain? That's not including utilities and all the other costs. Oh well, the hunt continues...
P.S. a 4 bd at Lotte Castle or I-Park or similar it's something like 15M-20M a month. |
|
| Back to top |
|
|
benji
Joined: 21 Jul 2009
|
| Posted: Tue Aug 18, 2009 1:25 am Post subject: |
|
|
| Why are you dead set on living in Kangnam? |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
