Korean Job Discussion Forums

[edwardcatflap]

so it does sound like a ponzi scheme

[motiontodismiss]

[Lazio]

[Yaya]

I paid off all of my debts years ago so I have money to play with. Jeonsae is the best way for housing in my case because otherwise, I'd pay at least 8 million won in rent per year. I'd rather save that money for a rainy day.

And interest rates in Korea have dropped a lot over the years, which is why landlords prefer monthly rent. The reason jeonsae has skyrocketed is because of low rates, but if you do a simple credit check on both the property and the landlord, you can weed out the potential pitfalls like I did. My landlady has no debt and her property was left to her by her late mother.

[Michael_75]

If this is a troll attempt, then it's pretty pathetic.

If not, and you do earn that much and have that much to spend on property, then why on earth would you be asking people on this site for advice? ESL/EFL is a notoriously poorly paid paid profession, and most teachers will never find themselves in a similar situation to yours. Or, they might, but by that point they will no doubt have outgrown this board and its low-rent concerns.

I would hope that as a result of your (relative) affluence you would have at least a basic understanding of finance etc. If not, you should be consulting a professional, not the under-researched assertions of "teachers".

[edwardcatflap]

[TheUrbanMyth]

[edwardcatflap]

[Zyzyfer]