2 ms·
With interest rates that have been divided by 4-5x in the last 15 years, small deposits and monthly rents aren't that rare anymore. I'm not sure how it affects
by hocuspocus 7y ago
With interest rates that have been divided by 4-5x in the last 15 years, small deposits and monthly rents aren't that rare anymore.
I'm not sure how it affects the poorest families, I imagine that you can stay in a decrepit "villa" on jeonse alone for many years. More often than not, real-estate loses value and it might not be in the landlord's interest to kick you out.
But in recent years there are definitely a lot of lower-income families that bought property and got out of jeonse, since it makes no sense anymore.