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big_fella1
Joined: 08 Dec 2005
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 Posted: Wed Dec 19, 2012 8:05 pm Post subject: |
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Sorry double post
Last edited by big_fella1 on Wed Dec 19, 2012 9:01 pm; edited 1 time in total |
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newb
Joined: 27 Aug 2012
Location: Korea
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KimchiNinja
Joined: 01 May 2012
Location: Gangnam
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| Posted: Wed Dec 19, 2012 9:01 pm Post subject: |
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| big_fella1 wrote: |
| KimchiNinja wrote: |
| And you can get insurance on your deposit I believe. |
Actually you cannot get insurance, you can register yourself as a priority creditor behind the government and the mortgagee(s), that's it. |
Yep, that's what I've got, govt registered. My friend says you can buy private insurance, but nobody does that cause they don't want to pay for it. I imagine if the market turned against everyone suddenly it would be gaaame over, just like the 2008 US debacle. |
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big_fella1
Joined: 08 Dec 2005
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| Posted: Wed Dec 19, 2012 9:06 pm Post subject: |
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| KimchiNinja wrote: |
| big_fella1 wrote: |
| KimchiNinja wrote: |
| And you can get insurance on your deposit I believe. |
Actually you cannot get insurance, you can register yourself as a priority creditor behind the government and the mortgagee(s), that's it. |
Yep, that's what I've got, govt registered. My friend says you can buy private insurance, but nobody does that cause they don't want to pay for it. I imagine if the market turned against everyone suddenly it would be gaaame over, just like the 2008 US debacle. |
I'd appreciate if you could ask your friend where? As I would buy it if someone would sell it to me. |
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KimchiNinja
Joined: 01 May 2012
Location: Gangnam
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| Posted: Wed Dec 19, 2012 9:38 pm Post subject: |
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| ^ All my friend said was the agent who set up the deal could arrange for that option...it's just not an option Koreans normally opt. |
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Savant
Joined: 25 May 2007
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| Posted: Wed Dec 19, 2012 9:45 pm Post subject: |
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This practice of Landlords only returning Key money to the current tenant after the next tenants stumps up the next sum of Key money has got to stop.
I thought once upon a time that Landlords were required by law to lock that money away for the duration of the tenants' contract rather than using it on their next (risky) housing investment which may or may not give returns.
Is it still current that you can live rent free until the Landlord has returned Key money at the end of a contract? |
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KimchiNinja
Joined: 01 May 2012
Location: Gangnam
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| Posted: Wed Dec 19, 2012 10:17 pm Post subject: |
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| Savant wrote: |
This practice of Landlords only returning Key money to the current tenant after the next tenants stumps up the next sum of Key money has got to stop.
I thought once upon a time that Landlords were required by law to lock that money away for the duration of the tenants' contract rather than using it on their next (risky) housing investment which may or may not give returns. |
I always just assumed they could "ponzi scheme away" endlessly, but don't know for sure. |
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