Deposit works differently here, she can get that 230k back when she moves again. Owning is easy in Korea but harder in main city busan or seoul.. so deposit it a good alternative if you can afford it. I prefer owning, no inflated monthly cost like other countries
@@nomanmon There are no legal guarantees with Jeonse...you have to sue and you are bottom of list of creditors. If Owner gambles it all away you're just F*cked.
@@believensee8621 It's a deposit, you get the money back when you move out. Most people get loans since they're generally more than the average person has saved up and then pay the loan off monthly instead of rent
@@believensee8621 It is a deposit. So she pays the landlord the money and after her lease is finished the landlord pays her back the deposit. The landlord makes money off the interest gathered during the time of the lease.
It's really a deposit you pay to the owner and the owner is required to pay you back the full amount when you move out. The owner earns money by making investments or interest. It's also better than the monthly rent if you have a lump sum to pay because all the money is returned to you. Usually you renew the contract every two years, at which point you re-negotiate if the deposit needs to be increased.
@@schwarzmann1 I don't know if I understand your question but am going to assume you are not looking for financial advice. You could get a loan from the bank but that might not be easy for a foreigner. The lady in the video is under a Jeon-se contract, which is one way of "renting" in Korea. Another way to rent property is Wol-se which would require you to pay $20K (refundable) lump sum and pay a monthly rent (non-refundable) of about $800. There is also something in between those two options. Of course these figures would be very different for every neighborhood or condition of the building.
In Korea, there is a rental system called jeonse. If you pay a deposit of $230,000, you do not have to pay monthly until the contract expires, and you can receive 100% of the deposit back when the contract expires.
@@user-louisfonsi777 doesn't that mean you will have lived for free if you pay the deposit and after you move out you're given the money? Also how long is the contract period?
@@Waridi23The contract period is 2 years. If the tenant wishes, it can be extended for another two years. If you pay a deposit of $230,000 and move out after the contract period, you will receive $230,000 back. The homeowner is trying to make a profit by investing the $230,000 elsewhere.
@@waikikiwhisky the worst part is that amount for such a plain apartment that the renter had to spend an additional 10000$ to renovate. The kitchen, the bathroom.... it's totally a rip off
Hang on is she buying or renting? Nobody in their right mind would pay $230,000 for a deposit. That’s ridiculous. That’s more than a deposit for a mortgage. The house is so basic AND she had to renovate it. I’m assuming she is rich and doesn’t know the value of money. That’s daylight robbery.
the jonse thing is that the landlord uses the earnings he gets from your deposit but you usually dont pay rent so he can get the bank interest or invest it for what ever
It’s a deposit, meaning she won’t pay rent and when she’s leaving the house she will take back her deposit money. Actually the owner will use the money to work
This is a Jeonse system that exists only in Korea. If you rent a house by paying a large deposit, you do not have to pay monthly rent. You will receive your deposit back when you move. Of course, you can find monthly rent if you want.
@@Ru4444 Jeonse usually requires a deposit of 70-80% of the house price, so it requires a lot of money. You will receive your deposit back when you move, but there is some risk because you are taking on a large sum of money.
No words… bro..the price is crazy ik it’s jonse but still for it to not even have a full size kitchen 😭
Deposit works differently here, she can get that 230k back when she moves again. Owning is easy in Korea but harder in main city busan or seoul.. so deposit it a good alternative if you can afford it. I prefer owning, no inflated monthly cost like other countries
@@nomanmon There are no legal guarantees with Jeonse...you have to sue and you are bottom of list of creditors. If Owner gambles it all away you're just F*cked.
Gurllll.. they get 100% of their money back 💀 She’s literally living for free 😂 thats what ‘jeonse’ means
It is not a purchase, but a deposit for renting a house unique to Korea called 'Jeonse.' You can't find a house with that money in Seoul
So..a person would put spend that kind of money into something they don't own? Did I understand you correctly?
@@believensee8621usually used in Korea.
@@believensee8621 It's a deposit, you get the money back when you move out. Most people get loans since they're generally more than the average person has saved up and then pay the loan off monthly instead of rent
I thought house means that it has its own land! Not a rental apartment!
@@believensee8621 It is a deposit. So she pays the landlord the money and after her lease is finished the landlord pays her back the deposit. The landlord makes money off the interest gathered during the time of the lease.
Very expensive 😮 It's a good thing she can afford it.
The advantage of the jeonse system is that you can recover the $230,000 you paid when you move to another place.
Subtitles:
"Can I take your apartment?"
"Yes. Of course. Let's go"
We all can hear the lebanese accent lina
Really nice place
Omg in Spain u can buy a whole apartment with this value
Bueno con los precios de hoy en dia no se yo
Donde vivo yo si. Ciudad pequeña. Hay pisos por 80k
OK am moving to Spain then 😅
제리님에 관한 영상도 만들어주세요! O&A 같은거용!
учу английский на интересных для меня темах) спасибо английские субтитры) так легче воспринимать)
Я учу русский язык, поэтому такие комментарии, как ваш, полезны.
삼색이 보소.. 등치 돈까스만해서 돌아다니는거 커엽다
Cute apartment
Wow how do you come up with $230k?
Of
It depends on location, she got swindled for what she has or she doesn't pay rent, just the deposit.
جميلتناا ❤️❤️
Bigger than most of celebrities house I watched in reality show 'I live alone'
Liiiinaaa ♥️
قمرتنا ❤❤
I think she means 230k in Korean won.
No
230k krw not mean too much. Enough for living expenses a month
That would be stupid cheap, like $170, way way way too cheap for Seoul
Thanks guys 🥰
What for this small apartment
what currency did she make her deposit in...🤔
I confused is that $230,000 USD, if so why would spend so much money on a property you don’t even own and how do you even raise those funds
It's really a deposit you pay to the owner and the owner is required to pay you back the full amount when you move out. The owner earns money by making investments or interest. It's also better than the monthly rent if you have a lump sum to pay because all the money is returned to you. Usually you renew the contract every two years, at which point you re-negotiate if the deposit needs to be increased.
@@hwlk1410 Still though how does someone have 230K to pay for a deposit? Do they have to borrow from a bank?
@@schwarzmann1 I don't know if I understand your question but am going to assume you are not looking for financial advice. You could get a loan from the bank but that might not be easy for a foreigner. The lady in the video is under a Jeon-se contract, which is one way of "renting" in Korea. Another way to rent property is Wol-se which would require you to pay $20K (refundable) lump sum and pay a monthly rent (non-refundable) of about $800. There is also something in between those two options. Of course these figures would be very different for every neighborhood or condition of the building.
@hwlk1410 they want to know how a person saved 230k.
Liinnnnaaa
Mate, in Spain you 230 euros are equal to rent A BATHROOM(?). In Spain, apartments cost from 600€ to 1200€ and UP XD
she paid a deposit of 230 thousand
She paid $230 000 USD in deposit. She gets the money back if she has insurance.
Hell to the no!😂
Lina ❤
Your apartment looks really nice 👍
230,000 dollars for such an apartment 😮 that's a total rip off🥴. Did i hear the price correctly or maybe i misheard?????
In Korea, there is a rental system called jeonse. If you pay a deposit of $230,000, you do not have to pay monthly until the contract expires, and you can receive 100% of the deposit back when the contract expires.
@@user-louisfonsi777 doesn't that mean you will have lived for free if you pay the deposit and after you move out you're given the money? Also how long is the contract period?
@@Waridi23The contract period is 2 years. If the tenant wishes, it can be extended for another two years.
If you pay a deposit of $230,000 and move out after the contract period, you will receive $230,000 back.
The homeowner is trying to make a profit by investing the $230,000 elsewhere.
@@Waridi23Of course, there is also a monthly rent system.
A deposit is required and the deposit can be returned when moving.
@@waikikiwhisky the worst part is that amount for such a plain apartment that the renter had to spend an additional 10000$ to renovate. The kitchen, the bathroom.... it's totally a rip off
230.000 Dollars? For rent? It's price minimum of buying house........
I am confused 😮
Read more abt jeonse.
😊😊
Hang on is she buying or renting? Nobody in their right mind would pay $230,000 for a deposit. That’s ridiculous. That’s more than a deposit for a mortgage. The house is so basic AND she had to renovate it. I’m assuming she is rich and doesn’t know the value of money. That’s daylight robbery.
the jonse thing is that the landlord uses the earnings he gets from your deposit but you usually dont pay rent so he can get the bank interest or invest it for what ever
and after you move out you recieve the money back
Man I’m confused WTF is jhonse? And a DEPOSIT of $230K? What is going on here?
you get that money back when you leave its required but it also reduces your rent
She’s pretty!
ليييييييييييينا
*Mi Casa
😂😂😂
That is not worth 230k, just saying
Wow it's a nice place though
House is hideous
Anyone notice how huge her feet are? They are like the Flintstones huge 😂
So she bought it? I dont understand
It’s a deposit, meaning she won’t pay rent and when she’s leaving the house she will take back her deposit money. Actually the owner will use the money to work
This is a Jeonse system that exists only in Korea.
If you rent a house by paying a large deposit, you do not have to pay monthly rent. You will receive your deposit back when you move.
Of course, you can find monthly rent if you want.
@@waikikiwhisky 😳😳😳 so u dont hav to pay anything since u get all ur money back when u move out?? 😱😱😱😱
@@waikikiwhisky Living for free??? 😳😳😳
@@Ru4444 Jeonse usually requires a deposit of 70-80% of the house price, so it requires a lot of money.
You will receive your deposit back when you move, but there is some risk because you are taking on a large sum of money.
Scam!!!!!