4 ms·
Presumably jeonse prices would move like bond prices--when interest rates go down, their prices go up, and vice versa.
by hx87 10y ago
Presumably 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.