Where did you buy?
Just out of interest SPQR, at what point would you sell, or is that not an option?
Jeonse is dangerous. The music will stop one day. It will be the 'little people' who get crushed the most......
Dishonest landlordsSome landlords may have a large amount of overdue taxes. In such cases, the government may put the apartment up for auction in an attempt to collect the overdue taxes. When the apartment is sold, the government collects the overdue from the profits from the auction.[4] Since national tax (국세) and local tax (지방세) take a higher priority than the tenants, they may lose some or all of their deposit, depending on how much their landlords owes the government. https://en.wikipedia.org/wiki/Jeonse#:~:text=Jeonse%20(Korean%3A%20%EC%A0%84%EC%84%B8%3B%20Hanja,80%25%20of%20the%20market%20value.I had a friend way back whose landlord refused to give him back hiskey money. After years of trying to get the landlord to court he finallydid. The judge asked the landlord why he had not returned the money.This guy just replied, "Because he's a foreigner." Anyway, the judgeordered him to repay the money. He never did and my friend had to leavethe country before anything could be done.
We went with jeonse just due to the ridiculously low interest rate we got on the loan.
What's the interest on a jeonse loan these days? The base rate is at an all time low (thanks to Covid 19) so that's why the loan rates are down.
1~2% depending on your circumstances. Even the interest on a loan of 100 mil + is usually cheaper than wolsae.