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paperbag princess
Joined: 07 Mar 2004
Location: veggie hell
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 Posted: Sun Jan 02, 2005 4:59 pm Post subject: |
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| i live with my partner in a pretty big flat in the itaewon area. it has two big closed rooms, one common dining room/kitchen and a bathroom. i don't know how many pyong that is, but we put down 1 mil key money and pay 700 for rent. we used an agent so we paid him 300 (i think). it's nice. |
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babtangee
Joined: 18 Dec 2004
Location: OMG! Charlie has me surrounded!
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| Posted: Sun Jan 02, 2005 7:03 pm Post subject: |
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| Thanks for the details all. |
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ulsanchris
Joined: 19 Jun 2003
Location: take a wild guess
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| Posted: Mon Jan 03, 2005 12:47 am Post subject: |
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how can you afford the high rents?
Would it be possible to take out a loan and get place higher key money but less monthly fee. In the long run that would make more economic sense. |
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JongnoGuru
Joined: 25 May 2004
Location: peeing on your doorstep
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| Posted: Mon Jan 03, 2005 3:00 am Post subject: |
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| ulsanchris wrote: |
how can you afford the high rents?
Would it be possible to take out a loan and get place higher key money but less monthly fee. In the long run that would make more economic sense. |
Not sure who you're referring to when you say 'high rents'. Paperbag & her partner are paying a total of 700,000 won/month for a 2-bedroom unit in a sought-after location in central Seoul. To me that's really low, especially with only 1 million won deposit. I was paying 15 million key and 800,000 won for a place in that general area nearly 10 years ago.
Across the river and 15 minutes away from Paperbag, in Shinsa-dong, Kangnam-gu, lives a friend of mine who's paying 800,000 won (no deposit) for an irregular-shaped, scrunched-up 12-pyong hole with oppressive street noise & music blaring from the hostess bars.
If all this seems too high, one could go the goshiwon route (many other threads discuss the pros & cons). Again, what high rents are you referring to, Ulsanchris?
As for taking out a loan.... as a foreigner? With no property in Korea to use as collateral? Well, I know there's a first time for everything, but I wouldn't hold my breath on that one. |
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eamo
Joined: 08 Mar 2003
Location: Shepherd's Bush, 1964.
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| Posted: Mon Jan 03, 2005 3:12 am Post subject: |
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| ulsanchris wrote: |
how can you afford the high rents?
Would it be possible to take out a loan and get place higher key money but less monthly fee. In the long run that would make more economic sense. |
Most people renting their own place get a housing allowance (maybe 400,000) from their work and/or share with friend or partner. |
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Daechidong Waygookin
Joined: 22 Nov 2004
Location: No Longer on Dave's. Ive quit.
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| Posted: Mon Jan 03, 2005 4:45 am Post subject: |
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| Got my management fee today. 134 000. |
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