5 ms·
Not sure jeonse would work in low interest times. I could rent out my $200k condo for $1,000 per month, but making $12k per year on the jeonse (assuming it is 5
by buzzdenver 10y ago
Not sure jeonse would work in low interest times. I could rent out my $200k condo for $1,000 per month, but making $12k per year on the jeonse (assuming it is 50%, $100k) seems way too optimistic.
- hx87 10y agoPresumably jeonse prices would move like bond prices--when interest rates go down, their prices go up, and vice versa.
- buzzdenver 10y agoAre jeonse-s traded somewhere ? I'm missing your point. You can get a Home Equity Line of Credit for around 3%, so it's just not worth it to use jeonse. Compare these: 1. I get $100k jeonse for 2 years for my condo that is worth $200k. 2. I rent out my condo for $1,000/month, and take out a $100k HELOC for 3%. So every year I pay $3k interest and have $12k rental income, $9k win for me. Clearly #2 is the superior option.