Chapter 299 – Gap Investing
Daechi-dong.
It is one of the richest neighborhoods in Korea.
Ding-dong~♪
I came to buy an apartment in such a wealthy village.
Let’s ring the doorbell and wait a bit.
“Have you come to see the house?”
A man who appears to be in his 50s opens the door.
I just open my head and look.
‘I’ll open it a bit cool.’
I didn’t even unfasten the safety chain.
It shows a strong sense of boundaries.
It even looks up and down.
Just when I was about to feel bad.
“Hello. This is Jeon Soo-hyun, whom I promised at 3 o’clock today. Can I look around the teacher’s house for a while?”
“Ah, the person who called me! Come in quickly, yes.”
Suhyun patted her shoulder.
The landlord opens the door with a bright smile.
‘It’s very sad.’
Pretty Woman.
He was also dressed very neatly and neatly in a suit.
It deserves trust.
This is why he takes Suhyeon as his secretary.
“You can look around comfortably. Yes… Please don’t mess around.”
I still don’t seem to trust it.
I don’t know how the landlord feels.
Are you really going to buy this baby?
Because it makes you suspicious.
“Hmm…”
“How is it?”
“I don’t know. But it’s a lot older than I thought.”
There is also a sense of loss.
Everyone must have thought of Suhyeon’s thoughts.
‘Because it’s a 40-year-old apartment.’
It’s all over the place.
From the landlord’s point of view, there is a desire to reduce the price.
“Have you looked around?”
“Yes, it was neatly used. But in the living room and in the son’s room…”
“Ah.”
“There were a lot of holes and marks. I think it would be okay if I just repaired that part.”
“That was when my son was little.”
Live nonetheless
By reducing the price as much as possible.
Conversation with the landlord can be said to be a kind of Dilgyo.
‘Actually, it doesn’t matter if I just buy it.’
Since it is very thick, I also add the thick part.
“The walls and the floor are a bit recessed, so I have them. That part costs a lot.”
“Is that so?”
“We will inform you of the specific amount after contacting the interior company. Is that okay?”
“That much…, I’ll take a look at it.”
That’s a cut of 20 million won.
Interior companies only receive quotes and do not actually do it.
Percussion!
After finishing the dildo, he comes out.
As if he were a good citizen, he had no idea of the tricks of the real estate agent.
“Do I really need to buy a place like this?”
“Why? You don’t like it?”
“Listen.”
Suhyun doesn’t seem to like it.
Shrug your hands to show your doubts.
Don’t know
Daechi-dong here.
What does it mean in Korea?
Daily News− 「The syndrome of ‘SKY Castle’, a satire on the entrance examination republic… What is the reality of private education?」
He is famous for his passion for education.
What appeared in the drama is only a part of reality.
Top universities and popular departments require private tutoring.
In the case of medical school.
‘They say they spend an average of 1 billion per student.’
Private tutoring.
Famous lecturer.
It takes a lot of money to listen.
“Isn’t it Eva?”
“You wouldn’t have spent hundreds of millions to come to Korea University.”
“Is it near?”
Most Korean students are eligible.
Even if you may not know it yourself.
‘The subject of the map I went to study abroad early.’
It costs quite a bit of money.
These days, there is a trend of private tutoring even before elementary school.
Only then can you go to a prestigious university.
The cut line has risen tremendously.
“Doesn’t it have strength?”
“There may be.”
“There are some kids I know who only listened to the lecture…”
“That’s a minority.”
There is a lot of talk in the media.
Do you think times have changed these days?
Are you able to study at home?
‘It’s to appease the civilians.’
A dragon flies from Gaecheon!
To give hope of class mobility.
It’s been decades since that became bullshit.
The actual statistics are long gone.
“The kids who went to college because of private education raised their hands and went to college with that money! It’s just that it doesn’t get publicized because they don’t do it.”
“Oh.”
No matter how hard it is, just change the money.
I don’t know Seoul National University, but I can easily go to Yonsei University or Korea University!
It’s a common story in the industry.
Even the instructors are talking about it openly.
In other words, education can be bought with money.
‘Therefore.’
Daechi-dong.
The Gangnam wives are going crazy trying to come.
Rich people spend their money for a reason.
“Still.”
“What?”
“It’s rotten. Do rich people have to go to a place like this?”
Suhyeon still doesn’t like it.
I spit out words that would have hurt the landlord.
‘It’s worth it.’
It’s not that good.
This Baekma apartment was completed in 1979 and is incredibly old.
There are cracks all over the stairs and exterior walls of the apartment.
If you exaggerate a little, you could call it ruins.
“See that clock tower over there?”
“A clock tower?”
“That’s only in really old apartments.”
Traces of the times remain here and there.
You can see the tall clock tower over 5m.
‘Because it’s the 1970s.’
It was a time when wristwatches, let alone cell phones, were rare.
It was not easy to know the time.
So the tower was made.
It is now a relic of the past that has no meaning of existence.
“So how much is this place?”
“1.4 billion.”
“Omg.”
“At least it fell from 2 billion.”
The price is not at all old-fashioned.
Inflation is very straight forward.
‘The sale price was 20 million won.’
It was blown up 100 times.
Even considering that was 40 years ago, it’s amazing.
“Why are you in this place…”
“Are you buying it for a lump sum?”
“Honestly, I don’t understand.”
Suhyun couldn’t understand it.
Either way it looks overpriced.
‘This shabby apartment building is falling apart.’
One reason for being in Daechi-dong?
You have to realize that it’s worth it.
Whoa!
Get in the car and look around.
It’s just a shopping mall and an academy that you can see in any area.
“I’ve been there!”
“Look. My parents spent money.”
“I know.”
“Thanks for writing it well.”
“?”
The quality is different.
You can meet all the lecturers who are famous in the country here in Daechi-dong.
‘The quality isn’t good.’
Maybe that’s why Suhyeon is so chewy.
The learned pussy is different from tightening.
“Can’t you come from somewhere else? I didn’t live in Daechi-dong either.”
“It takes an hour round trip?”
“Ah.”
“That’s it.”
The time of learning.
The days spent as a student are short.
And every day is as busy as a war.
‘That means I can study more for that one hour.’
This is why I live in Daechi-dong.
In a word, it can be said that money buys time.
The horse is 1 hour.
In terms of efficiency, the difference is even more dramatic.
If you put money on it, you go to college!
This kind of sound never comes out without reason.
Squeak-!
Look again with that perspective.
The shabby Baekma apartment here.
“Can it be cost-effective?”
“Well, that part is definitely included.”
It deserves 2 billion just because it is located in Daechi-dong.
No, if it is even reconstructed.
‘It’s not going to be a piece of cake.’
Principles of the real estate market.
Not much different from stocks.
‘Expectation’ is reflected in the price.
———————————————+
『Baengma Apartment Price Trend』
1.42 billion ▼5.8 billion (−29%)
[Graph peaking and falling in the middle of 2018 jpg]
+———————————————
It actually happened.
Along with the rise in the stock market, prices have risen steadily.
Even after the rise has stopped.
The good news of reconstruction burned the last rally.
“Actually, there are no plans for reconstruction.”
“It’s like a force to be passed on to ants.”
“It’s roughly the same.”
So is the real estate market.
It is the ants who don’t know anything about selling at the high point.
『What is the point of stabilizing house prices by threatening the lives of residents!』
『I want to live like a human, awaken the mayor of Seoul!』
There’s nothing to do but cry
This is why a large banner is hung on the outside wall of the apartment.
“Has the mayor of Seoul had an accident?”
“You haven’t hit yet?”
“Yes?”
“No, I was a little confused about the timing.”
I didn’t have an accident. I’m planning to hit
I almost made a big mistake.
Principles that stock investors must follow.
It should never go against the market.
“Never try to beat the market, the more you try, the more you pay.” – Jesse Livermore
That’s actually an important part.
Residents who believed in reconstruction and bought real estate suffered because of it.
‘Anyway.’
The current mayor of Seoul strongly opposes the reconstruction.
It is the cause of the extinction of expectations.
That’s an opportunity for me.
The recent downturn has caused the real estate bubble to burst.
Of course, the Gangnam area is less affected.
It is because it corresponds to large-cap stocks in terms of stocks.
“I heard you’re missing a lot here?”
“The case is different.”
“Oh.”
“Because the bubbles created by anticipation are quickly extinguished.”
The actual value of the Baekma apartment here is low.
If you don’t rebuild it, it’s really trash.
‘But the original stock.’
The same goes for real estate.
It can be said that the low point is when expectations are completely extinguished.
It is not that the material has disappeared.
Someday it will surely come back to life.
What if the game survives?
This location and rebuilding issue will make for the best rally ever.
Squeak-!
And I’m betting the game will come alive.
A rise in the stock market will soon affect the real economy.
“You sweep it away until it’s reflected.”
“Okay.”
“Soo-hyeon has to do well on behalf of her brother, okay?”
“What’s your salary?”
The important thing in any asset is always the time to buy.
In that sense, it is the optimal timing.
‘In many ways.’
Stock market rise.
Market movement.
Korea’s deformed real estate laws also help.
Real estate is always going up!
Let’s dive into the sea of madness once.
