December 11, 2017, 08:25:14 AM

Author Topic: RANTING/VENTING MEGATHREAD 3.0  (Read 593947 times)

Offline twinsaurus

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Re: RANTING/VENTING MEGATHREAD 3.0
« Reply #6260 on: July 12, 2017, 10:36:59 AM »
Wow.

The numbers being thrown around are crazy.

Where have I been?

The standard used to be 10,000,000 KRW for every 100,000 KRW in rent.

Meaning, if the place had 100,000,000 deposit only option, you could substitute monthly for whatever portion of the deposit you didn't have.  If you only had 10,000,000 down, you would pay 900,000 a month in rent, or 50,000,000 down and 500,000 a month, etc.

I'm more than a little shocked by what I am hearing, as it sounds like some users are saying, given my example,  one could actually put down 100,000,000 deposit only option that was simply secured via the bank and only pay 200,000-300,000 a month on a place that we pay $1,000 a month to live in.

(scratching head)  You guys can't be serious.

What you're talking about it probably wolse; the bigger the deposit, the smaller the rent, right? But in jeonse you have to pay the entire value of the apartment tot he landlord, who will invest it for the contract period and then give it back after that period is over (simply put). That's why everyone gets a loan and pays the relatively low interest on it in place of monthly rent.

Online Dave Stepz

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Re: RANTING/VENTING MEGATHREAD 3.0
« Reply #6261 on: July 12, 2017, 11:08:09 AM »
Quote
When we had the 40 000 000 won deposit apartment we paid 500 000 won every month.   Expensive, but at that time there was no other options. Now in our 10 000 000 won deposit apartment we only pay 400 000 won, because it is a new city and there are loads of apartments.  The one we live in now was selling for about 1.4 billion originally.  When the Seoul friends come to stay they love it because we are 15th floor and have a view of the mountains from the living room.  No chance of a view like that in Seoul, unless you pay serious money.

If you'd bought that apartment for 1.4 billion, you'd expect to get at least 5% of the price for renting it out. Ie 70 mil a year. How could you get that with a 10,000,000 deposit and 400,000 won a month. I don't get the maths.

Neither do I.  When we got it, it was 30 000 000 won less deposit, with a 100 000 won less in monthly rent than the previous place.  It was win all over, as it was the first place we saw, we took it right away.  Beautiful view, big and brand new.  The guy who owns it is an engineer who more than likely works for the company that built the complex, as he lives in Busan, but he was in the area to sign the contract.  My MIL got him to drop his original 500 00 won a month to 400 000 won saying that there was a load of other places to choose from.  He was ok with that.  Our two-year contract finishes next June so IF we stay then I'd expect a hike in deposit or monthly.  We'll cross that bridge when we come to it. 

Online JNM

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Re: RANTING/VENTING MEGATHREAD 3.0
« Reply #6262 on: July 12, 2017, 11:12:37 AM »
Quote
When we had the 40 000 000 won deposit apartment we paid 500 000 won every month.   Expensive, but at that time there was no other options. Now in our 10 000 000 won deposit apartment we only pay 400 000 won, because it is a new city and there are loads of apartments.  The one we live in now was selling for about 1.4 billion originally.  When the Seoul friends come to stay they love it because we are 15th floor and have a view of the mountains from the living room.  No chance of a view like that in Seoul, unless you pay serious money.

If you'd bought that apartment for 1.4 billion, you'd expect to get at least 5% of the price for renting it out. Ie 70 mil a year. How could you get that with a 10,000,000 deposit and 400,000 won a month. I don't get the maths.

Neither do I.  When we got it, it was 30 000 000 won less deposit, with a 100 000 won less in monthly rent than the previous place.  It was win all over, as it was the first place we saw, we took it right away.  Beautiful view, big and brand new.  The guy who owns it is an engineer who more than likely works for the company that built the complex, as he lives in Busan, but he was in the area to sign the contract.  My MIL got him to drop his original 500 00 won a month to 400 000 won saying that there was a load of other places to choose from.  He was ok with that.  Our two-year contract finishes next June so IF we stay then I'd expect a hike in deposit or monthly.  We'll cross that bridge when we come to it.

Sometimes the rent isn't as important as having a good tenant in it.

Investors are looking at the long game of capital gains.

Online Mister Tim

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Re: RANTING/VENTING MEGATHREAD 3.0
« Reply #6263 on: July 12, 2017, 11:17:10 AM »
What a fantastically boring topic you guys have stumbled upon.

Offline iamsam

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Re: RANTING/VENTING MEGATHREAD 3.0
« Reply #6264 on: July 12, 2017, 12:09:59 PM »
So you are staying in an apartment that is over $1,200,0000....   but you pay 380$ in rent.....
I'm calling bullshit.  This doesn't add up whatsoever.  You couldn't rent a $50,000 apt anywhere in USA for 380$ month.  The taxes on the place would be your payment alone.

Also...   The Jeonse system is nothing more than a simple PONZI scheme that will crash, if and when, a large financial crisis occurs.  Most likely crippling the economy.  I would never give my own money even if I had it.  Better to get a loan and mitigate risk if losing it all if an implosion occurs.
« Last Edit: July 12, 2017, 12:16:29 PM by iamsam »

Offline yirj17

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Re: RANTING/VENTING MEGATHREAD 3.0
« Reply #6265 on: July 12, 2017, 12:11:41 PM »
I'm trying to plan camp, vacation, and my future and I can't get my brain to think about them in an orderly fashion. My mind keeps jumping from one thing to another, and now I don't want to think about anything.


I feel ya. 

What a fantastically boring topic you guys have stumbled upon.


 :laugh:  I feel like it merits its own thread by now. 

Offline donovan

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Re: RANTING/VENTING MEGATHREAD 3.0
« Reply #6266 on: July 12, 2017, 12:13:28 PM »
What a fantastically boring topic you guys have stumbled upon.



Do you mind posting some pictures of what 330,000,0000 gets you in the outskirts of Seoul.  I've been to Anyang, some parts are nice, but other are shitholes and filthy.  Just wondering if 330,000,000 gets you into the nicer areas.  Cheers.

You'd probably get a better idea of what's out there by checking 부동산 sites~

Online eggieguffer

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Re: RANTING/VENTING MEGATHREAD 3.0
« Reply #6267 on: July 12, 2017, 12:15:29 PM »
So you are staying in an apartment that is over $1,200,0000....   but you pay 380$ in rent.....
I'm calling bullshit.  This doesn't add up whatsoever.  You couldn't rent a $50,000 apt anywhere in USA for 380$ month.  The taxes on the place would be your payment alone.

I'd be curious too about what kind of flat outside Seoul costs that much to buy. It's nearly a million quid in English money so would have to be pretty amazing.

Offline donovan

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Re: RANTING/VENTING MEGATHREAD 3.0
« Reply #6268 on: July 12, 2017, 12:18:44 PM »
Day 3 of my strict diet.

I'm hangry and hate everyone and everything.  :cry: :cry: :cry:

What's your diet, if you don't mind me asking (or mind others tearing it apart :afro:)?

I tried going without coffee yesterday, and my nerves were fine, but I did feel hungrier for some reason, and energy crashed around 11:30 when usually I can last a whole day without getting drowsy. Big mistake; Back to McCafe this morning!

Offline turningsteel

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Re: RANTING/VENTING MEGATHREAD 3.0
« Reply #6269 on: July 12, 2017, 12:54:54 PM »
Day 3 of my strict diet.

I'm hangry and hate everyone and everything.  :cry: :cry: :cry:

What's your diet, if you don't mind me asking (or mind others tearing it apart :afro:)?

I tried going without coffee yesterday, and my nerves were fine, but I did feel hungrier for some reason, and energy crashed around 11:30 when usually I can last a whole day without getting drowsy. Big mistake; Back to McCafe this morning!

When I move back home I'm starting my own diet again. Craft beer and scotch, wash it down with a martini. Rinse and repeat.

No not really, but I will maybe treat myself to one or two. I can practically taste it.

Offline jddavis7

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Re: RANTING/VENTING MEGATHREAD 3.0
« Reply #6270 on: July 12, 2017, 01:06:03 PM »
Day 3 of my strict diet.

I'm hangry and hate everyone and everything.  :cry: :cry: :cry:

What's your diet, if you don't mind me asking (or mind others tearing it apart :afro:)?

I tried going without coffee yesterday, and my nerves were fine, but I did feel hungrier for some reason, and energy crashed around 11:30 when usually I can last a whole day without getting drowsy. Big mistake; Back to McCafe this morning!

Just a general low-cal diet, and I can only drink water. It really worked me for me in the past 5 years ago, but then the stress of school made me gain all that I lost.  :-[ I figured now's a good a time as any since I'm sick of Korean food and summer vacay is coming up.

I'm feeling much better though. My stomach was screaming at me for a couple of hours this morning, but I think it's resigned itself to its fate.

Offline jomi

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Re: RANTING/VENTING MEGATHREAD 3.0
« Reply #6271 on: July 12, 2017, 01:10:13 PM »
I swear to god one of my coteachers has to be the worst I have ever had.
This is my 4th year teaching in Korea and most of my coteachers have been mediocre but this particular one just seems to take the pish.
I've had coteachers that  barely spoke any English, I've had coteachers straight out of university that do very little in class but BOY this one irritates me.
Of my 4 coteachers I have in this school only 1 is somewhat active in class (though she is not without issues) and does close to what I expect her to do while I lead the lesson, two of them are pretty lazy and might as well not be there but this one...

I have her for 4th grade and my worst 5th grade class. She's at the back of the class talking to students actually distracting them after I managed to settle them enough to start the class. She never reprimands classes because frankly she cares too much about the students liking her and thinking she's nice. She does nothing to aid in classroom management, she does nothing to aid lower level students, she does nothing to help with checking the students understand instructions. I send her lesson plans every week that she never so much as looks at. She has repeatedly fallen asleep at the back of the class while I've been teaching. She allows students to wander in and out of the room at will.

I am not looking forward to camp where for another year I'm stuck doing it with her and another KT who will leave the room any opportunity she has and spend 85% of the lessons at the back on her phone kakaoing her new boyfriend.

It's really bothering me this year that these people basically decide at the end of the year if I get to keep my job when they evaluate me. I can't tell them that they are not even coming close to meeting my very very low expectations of what their f-ing job is, I can't give them any feedback but they can decide that I'm too moody or something equally irrelevant and low grade me to get rid of me (the eldest KT has been pathetically sensitive this year to me being a little irritated when she does something stupid or time wasting despite the fact I force a smile and nod along with it like a good little foreigner anyway and the more she childishly whines because I didn't apologise to her for some stupid reason the more irritating I find her)

I really wish this was an actual adult work environment where I could actually give honest feedback to colleges but NOPE.

Offline donovan

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Re: RANTING/VENTING MEGATHREAD 3.0
« Reply #6272 on: July 12, 2017, 01:17:25 PM »
Day 3 of my strict diet.

I'm hangry and hate everyone and everything.  :cry: :cry: :cry:

What's your diet, if you don't mind me asking (or mind others tearing it apart :afro:)?

I tried going without coffee yesterday, and my nerves were fine, but I did feel hungrier for some reason, and energy crashed around 11:30 when usually I can last a whole day without getting drowsy. Big mistake; Back to McCafe this morning!

Just a general low-cal diet, and I can only drink water. It really worked me for me in the past 5 years ago, but then the stress of school made me gain all that I lost.  :-[ I figured now's a good a time as any since I'm sick of Korean food and summer vacay is coming up.

I'm feeling much better though. My stomach was screaming at me for a couple of hours this morning, but I think it's resigned itself to its fate.

I would think drinking only water for fluids is key. So many calories can so easily sneak into our diets in liquid form. Coffee is basically calorie-free, Buy The Way! Though I do take mine with cream...

Online sbk

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Re: RANTING/VENTING MEGATHREAD 3.0
« Reply #6273 on: July 12, 2017, 01:21:01 PM »
This morning i got onto a jammed packed train on line 2 and a middle aged Korean guy follows me in and starts looking at me to move so he could get through and stand somewhere else on the train. There was nowhere i could move so he just had to stay put. He wouldn't turn and face the same direction as everyone else. He was eyeing other places on the train which were all taken. Finally he turns around and then starts playing with his phone. Then he gets into a verbal altercation with another guy who moved into his zone. If he really wants to sit down for his 3 stops then he needs to get on a much earlier train.

Offline jddavis7

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Re: RANTING/VENTING MEGATHREAD 3.0
« Reply #6274 on: July 12, 2017, 01:25:40 PM »
Day 3 of my strict diet.

I'm hangry and hate everyone and everything.  :cry: :cry: :cry:

What's your diet, if you don't mind me asking (or mind others tearing it apart :afro:)?

I tried going without coffee yesterday, and my nerves were fine, but I did feel hungrier for some reason, and energy crashed around 11:30 when usually I can last a whole day without getting drowsy. Big mistake; Back to McCafe this morning!

Just a general low-cal diet, and I can only drink water. It really worked me for me in the past 5 years ago, but then the stress of school made me gain all that I lost.  :-[ I figured now's a good a time as any since I'm sick of Korean food and summer vacay is coming up.

I'm feeling much better though. My stomach was screaming at me for a couple of hours this morning, but I think it's resigned itself to its fate.

I would think drinking only water for fluids is key. So many calories can so easily sneak into our diets in liquid form. Coffee is basically calorie-free, Buy The Way! Though I do take mine with cream...

I think it's time for me to quit caffeine. I successfully did so in undergrad but picked the habit back up in law school... I do drink a cup of unsweetened green tea a few times a week. It's a nice little treat.

Offline yirj17

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Re: RANTING/VENTING MEGATHREAD 3.0
« Reply #6275 on: July 12, 2017, 01:36:22 PM »
Day 3 of my strict diet.

I'm hangry and hate everyone and everything.  :cry: :cry: :cry:

What's your diet, if you don't mind me asking (or mind others tearing it apart :afro:)?

I tried going without coffee yesterday, and my nerves were fine, but I did feel hungrier for some reason, and energy crashed around 11:30 when usually I can last a whole day without getting drowsy. Big mistake; Back to McCafe this morning!

Just a general low-cal diet, and I can only drink water. It really worked me for me in the past 5 years ago, but then the stress of school made me gain all that I lost.  :-[ I figured now's a good a time as any since I'm sick of Korean food and summer vacay is coming up.

I'm feeling much better though. My stomach was screaming at me for a couple of hours this morning, but I think it's resigned itself to its fate.

I would think drinking only water for fluids is key. So many calories can so easily sneak into our diets in liquid form. Coffee is basically calorie-free, Buy The Way! Though I do take mine with cream...

I think it's time for me to quit caffeine. I successfully did so in undergrad but picked the habit back up in law school... I do drink a cup of unsweetened green tea a few times a week. It's a nice little treat.


I'm guilty of drinking poison frequently.  Juices, honey water, an occasional carbonated beverage...

Though I don't drink soda often so at least I don't have that extra weight.  Though when I have alcohol, I prefer it poisonous. 

Online Dave Stepz

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Re: RANTING/VENTING MEGATHREAD 3.0
« Reply #6276 on: July 12, 2017, 02:16:58 PM »
So you are staying in an apartment that is over $1,200,0000....   but you pay 380$ in rent.....
I'm calling bullshit.  This doesn't add up whatsoever.  You couldn't rent a $50,000 apt anywhere in USA for 380$ month.  The taxes on the place would be your payment alone.

Also...   The Jeonse system is nothing more than a simple PONZI scheme that will crash, if and when, a large financial crisis occurs.  Most likely crippling the economy.  I would never give my own money even if I had it.  Better to get a loan and mitigate risk if losing it all if an implosion occurs.

Erm, I'm not talking dollars here.  If that makes it easier to understand, and not think it's bollocks.  Why would I talk in a currency I have no idea about?

Online #basedcowboyshirt

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Re: RANTING/VENTING MEGATHREAD 3.0
« Reply #6277 on: July 12, 2017, 02:19:59 PM »
Drinking alcohol mixed with sugar poison is like a double calorie blast.

But, maybe you like it. So, you do you.

If I'm mixing something, I usually use water or sparkling water  (which is blessedly common now) / club soda.

Also yeah, coffee with a little bit of milk is calorie friendly and also will reduce your appetite.

Online lifeisgood6447

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Re: RANTING/VENTING MEGATHREAD 3.0
« Reply #6278 on: July 12, 2017, 02:48:43 PM »
So you are staying in an apartment that is over $1,200,0000....   but you pay 380$ in rent.....
I'm calling bullshit.  This doesn't add up whatsoever.  You couldn't rent a $50,000 apt anywhere in USA for 380$ month.  The taxes on the place would be your payment alone.

Also...   The Jeonse system is nothing more than a simple PONZI scheme that will crash, if and when, a large financial crisis occurs.  Most likely crippling the economy.  I would never give my own money even if I had it.  Better to get a loan and mitigate risk if losing it all if an implosion occurs.

Erm, I'm not talking dollars here.  If that makes it easier to understand, and not think it's bollocks.  Why would I talk in a currency I have no idea about?

They know you're talking won, but they just basically converted it. 1.4billion won = 1,222,047 dollars. I think they find it hard to believe that it is essentially a million dollar home, but you pay so little, and with the low deposit. I suppose. They didn't respond yet, so I am speculating here...

Online eggieguffer

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Re: RANTING/VENTING MEGATHREAD 3.0
« Reply #6279 on: July 12, 2017, 02:48:57 PM »
So you are staying in an apartment that is over $1,200,0000....   but you pay 380$ in rent.....
I'm calling bullshit.  This doesn't add up whatsoever.  You couldn't rent a $50,000 apt anywhere in USA for 380$ month.  The taxes on the place would be your payment alone.

Also...   The Jeonse system is nothing more than a simple PONZI scheme that will crash, if and when, a large financial crisis occurs.  Most likely crippling the economy.  I would never give my own money even if I had it.  Better to get a loan and mitigate risk if losing it all if an implosion occurs.

Erm, I'm not talking dollars here.  If that makes it easier to understand, and not think it's bollocks.  Why would I talk in a currency I have no idea about?

At the current exchange rate 1.4 billion won = 1,222,280.40 dollars, so he underestimated. You are paying 349 dollars a month rent. Are you sure you didn't get the numbers confused?

That's a 952,000 quid flat and you're paying 68 quid a week rent
« Last Edit: July 12, 2017, 02:52:26 PM by eggieguffer »