What does it REALLY cost to afford your housing? | Seoul

A basement apartment, getting married in your 20s in order to buy a house, working such long hours that you have a mental breakdown... what’s the real cost of living in Seoul? In this experimental series, we follow three ordinary South Koreans for one day as they navigate life, love, work - and the cost of housing in one of the world’s most expensive cities.
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[@ajplus]

Tell us what you think of this series! Who did you relate to most? And what’s the REAL cost of housing where you live?

[@nurinsabrina3396]

Can't wait to see more from this series of more different places! :)

[@darren2100]

Would love to hear about from different countries too. This was interesting.

[@susansolais8958]

I’d love to hear what their incomes are since their housing expenses are so high to give it perspective.

[@El.goodwell]

Can you give us an update? I can’t find Yeh’s instagram anywhere. It seems like these young people are “giving up” more than they’re trying to live in the present moment.

[@afrinaut3094]

The dude is my favorite, really love his vibe, self determination, & spirit. Got that HipHop glow, brah!

[@esparda07]

That dude is awesome. He's got the anime protagonist fire within him.

[@vidsontheinternet]

Thank you to the incredible young people who shared their worlds with us, you are all such shining stars, and thank you to all the talented people who worked on this - too many to name but let me mention Justin Lovett our DP, Corinna Wollman, our editor, NAN our general genius guide and advisor, and EP Shadi Rahimi who gave us a chance!! xoxoxox Charlotte

[@afrinaut3094]

It’s not that America is less conservative than Korea. It’s just that conservative, is very relative. Every ethnic group, religion and culture throughout the world has very different definitions of “conservative values”or “traditional values”. In some parts of the world, like the US, couples that are dating, traditionally move in with one another before marriage, to test the waters, to see if they can live together and cooperate. A practice-run, to see if they’re eligible to be married.

[@faedraemberhart5500]

Can someone clarify the $263000 USD for 2 years of housing? Thats the price of some houses full payment where I live. Nothing super nice and not in a big city but damn. Im currently saving and have been for like 3 years for a 20% deposit on a 1 bedroom apartment for my boyfriend and I for 180-200k canadian outside Edmonton AB. There has to be some kind of mistake if your paying more than the price of buying an apartment forever where I live just for 2 years. Thats insane.

[@user-bt7it2fl5c]

Korean jeon-se is diffrent from rent. Jeon-se deposit is fully returned to tenant when the contract is over.

[@RejuuComputer]

@@user-bt7it2fl5c Feels like a scam!

[@professorthread]

@@user-bt7it2fl5c That's fascinating. So are the people who own the housing for a Jeon-se not making any money off of it?

[@user-bt7it2fl5c]

@@professorthread Landlords can invest in financial instruments like bonds with jeon-se deposits or get interest on savings from banks because jeon-se deposit is a large sum of money

[@ravikhanna54]

@@user-bt7it2fl5c Also the appreciation of the property over that time is considered profit. However lately house prices have not been going up as in the past and the landlords are losing money.

[@AzzekaTheRealOne]

Character (honesty principle and integrity) is the new currency. Many will become poor and many will become wealthy. The first shall be last and the last shall be first. This is the future

[@MoustafaHabra18]

Such an interesting series. Cool that you focused on young people

[@aangwad]

Minjee’s jeonse payment was US$263,000??? for a two year deposit?? that would be over $10,000 per month…can you clarify???

[@xufengtang1126]

The way “JEONSE” work is landlord keeps that deposit for 2 years and will refund all the deposit back at the end of the contract. During the period of time, landlord will use the deposit money to do some investments.

[@Gattberserk]

@@xufengtang1126 So what is the actual rent they are paying, or its free becz they give thee landlord jeonse?

[@xantiom]

​@@Gattberserkit is essentially "free", your cost is opportunity cost. Usually the price for the deposit is between 50% to 80% of the value of the property.

[@terryashley4674]

Korea seems beautiful, but I would be a failure if I was brought up there. I would love to be there if I were successful.

[@AlfredYomTov]

Hi! Love the channel and everything presented by the channel, including this series. I'm from Israel and paying 3600 NIS (around 1000$) for the monthly rent (utilities like water ,electricity, garbage collection paying separately, something like 450$-500$ a month). And that's a 35 % of my salary.

[@dreamlife2351]

I really love this channel. 🕊

[@parkkimlee1760]

Well, I am Korean and I think younger Koreans need to try harder to challenge the traditional values their parent generations have imposed on them. They complain about them--for example, being socially stigmatized when a woman moves into her partner's place before marriage. However, they themselves hold a lot of prejudices as well. Most of them just pretend to defy conservative social values while in reality collaborating with the previous conservative generation. The woman who speaks fluent English living in Korea, well, I guess she has a lot more resources than average Korean girls due to her rich parents. What holds her back is the desire to get financial support from her parents.

[@VanZijl]

2 bedroom for $1.2 Million is too much

[@HarharMahadev-bb1hi]

Story of every asian middle class young person. Study work make money elders’ pressure

[@aaa6072]

That dude is so wholesome. Its like he jumped straight out of a kdrama

[@kehidupankanada]

Its no privacy and its soundproof. Not approved of the structure

[@westcoastkitties]

WOW, I have been watching K-DRAMA and i'm shocked to see how much POWER parents have over their adult children. CRAZY!!!!!

[@FawziBreidi]

Music is a bit too loud.

[@nnalotamkosisochukwu313]

I love south Korea but I'm afraid to live there cuz of the social discrimination there

[@carissa813]

The only way to break a housing system like that is to leave it! Sadly, I don't think that's something the Korean people will do

[@Pou1gie1]

Yeh is very handsome

[@dejanstankovikj4812]

Is very interesting for me what they are doing with the face mask after using it, almost every person in Korea wear new face mask every day. That's a lot of trash 🥴

[@VanZijl]

Please plug me to that guy's music

[@giovannichao4154]

This dude looks like miyachi from conbini confessions

[@jasonreviews]

LOLs everyone is just homeless in the US. haha!

[@yuraina430]

they drink too much

[@hellobot67]

oh please

[@davidbarber3821]

Y are those "subtitles" going by fast like that AJ+?