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Ah I see your confusion. You’ve missed that renting is more expensive than buying a home and gets more expensive each year, possibly forcing you to move away fr
by mrcartmeneses 4y ago
Ah I see your confusion. You’ve missed that renting is more expensive than buying a home and gets more expensive each year, possibly forcing you to move away from your local area and hence your child’s school. There are some places where rent controls and renters rights can mean renting can work for families. But few places are like Berlin.
- SilasX 4y agoThat depends entirely on the rent/buy ratio and other factors like transaction costs and frequency of moving. It’s not a “confusion”, especially in places with competitive housing markets like Japan. Since your following sentence agrees that renting isn’t universally cheaper, then you need to actually bring some relevant information on that point to have a substantive, non-confused comment. What do you think your comment was accomplishing beyond calling confused? This discussion still lacks any evidence whatsoever that renting in Korea implies frequent relocation.
- nerderloo 4y ago4-member family house rent/buy ratio in Korea is really high because of its unique Jeonse system: https://en.wikipedia.org/wiki/Jeonse https://en.wikipedia.org/wiki/Jeonse Nobody rents 4 member family house because rent is more than mortgage. On the other hand, bachelor studio is rather cheap even in the downtown Seoul(like 1k USD per month at most) Jeonse system is unique in Korea and it really weird. It took me a few years to understand it and it shouldn't really work anymore because the housing price has stabilized in last 4 decades or so. The point being, any of these commentors here who haven't heard of Jeonse, they don't know anything about housing in South Korea.