Where should we live?
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Description
Book Introduction
“If you’re buying a house in South Korea, you absolutely must read this book!” From over 100 years of real estate development history to great places to invest right now. A Great Record of Korean Real Estate, Written with the Will to Be Sued *Sampro TV [Dr. Kim Si-deok's Urban History] Kim Si-deok's latest book* The real estate market is fluctuating. Buying and selling a home in South Korea has become a fraught game of wits, with expectations that home prices will continue to fall due to inflation and recession fears clashing with expectations that the new administration's deregulation of real estate policies will lead to a rebound in prices. In times like these, what we should pay attention to is not the fluctuating 'house prices', but the location conditions and future value that shape 'house prices'. Only then can we avoid having one wrong choice turn our life savings into a prison filled with regrets. The author of this book, Kim Si-deok, is an urban literature scholar who has been tracing the history of urban development for a long time. His research project is to understand the present and future value of cities based on vivid field information collected by traveling all over South Korea using public transportation three to four times a week, as well as literature from over 100 years, from the colonial era's 'land division plan' to the most recent 'urban basic plan'. His records have been highly valued and utilized by discerning investors as reports on areas slated for redevelopment, reconstruction, and residential development. The real estate stories he tells based on big data collected over a long period of time have also received a lot of attention through various media outlets, including the YouTube channel Sampro TV's "Dr. Kim Si-deok's Urban History," and have received favorable reviews such as, "It has been more helpful in creating life and wealth than any other story." This book is the first economics and management book written by humanist Kim Si-deok for those who dream of 'owning their own home' in South Korea. It analyzes 'a good place to live and buy' from five perspectives: 'national project', 'security', 'disaster', 'transportation', and 'redevelopment'. He introduces promising unicorn-like locations that are both livable and have high future investment value, personally selected through decades of walking and seeing with his own two feet. He also explains the true nature of location conditions that are often kept secret for fear of lowering housing prices, and how to avoid being fooled by outrageous schemes of planned real estate. This book will serve as a solid guide for both real estate investors seeking a smart home and investors seeking smart returns. |
“If you’re buying a house in South Korea, you absolutely must read this book!” From over 100 years of real estate development history to great places to invest right now. A great record of Korean real estate, written with the determination to be sued! ★Sampro TV Kim Si-deok's latest book★ The real estate market is fluctuating. Buying and selling a home in South Korea has become a fraught game of wits, with expectations that home prices will continue to fall due to inflation and recession fears clashing with expectations that the new administration's deregulation of real estate policies will lead to a rebound in prices. In times like these, what we should pay attention to is not the fluctuating 'house prices', but the location conditions and future value that shape 'house prices'. Only then can we avoid having one wrong choice turn our life savings into a prison filled with regrets. The author of this book, Kim Si-deok, is an urban literature scholar who has been tracing the history of urban development for a long time. His research project is to understand the present and future value of cities based on vivid field information collected by traveling all over South Korea using public transportation three to four times a week, as well as literature from over 100 years, from the colonial era's 'land division plan' to the most recent 'urban basic plan'. His records have been highly valued and utilized by discerning investors as reports on areas slated for redevelopment, reconstruction, and residential development. The real estate stories he tells based on big data collected over a long period of time have also received a lot of attention through various media outlets, including the YouTube channel Sampro TV's "Dr. Kim Si-deok's Urban History," and have received favorable reviews such as, "It has been more helpful in creating life and wealth than any other story." This book is the first economics and management book written by humanist Kim Si-deok for those who dream of 'owning their own home' in South Korea. It analyzes 'a good place to live and buy' from five perspectives: 'national project', 'security', 'disaster', 'transportation', and 'redevelopment'. He introduces promising unicorn-like locations that are both livable and have high future investment value, personally selected through decades of walking and seeing with his own two feet. He also explains the true nature of location conditions that are often kept secret for fear of lowering housing prices, and how to avoid being fooled by outrageous schemes of planned real estate. This book will serve as a solid guide for both real estate investors seeking a smart home and investors seeking smart returns. “If you’re buying a house in South Korea, you absolutely must read this book!” From over 100 years of real estate development history to great places to invest right now. A great record of Korean real estate, written with the determination to be sued! ★Sampro TV Kim Si-deok's latest book★ The real estate market is fluctuating. Buying and selling a home in South Korea has become a fraught game of wits, with expectations that home prices will continue to fall due to inflation and recession fears clashing with expectations that the new administration's deregulation of real estate policies will lead to a rebound in prices. In times like these, what we should pay attention to is not the fluctuating 'house prices', but the location conditions and future value that shape 'house prices'. Only then can we avoid having one wrong choice turn our life savings into a prison filled with regrets. The author of this book, Kim Si-deok, is an urban literature scholar who has been tracing the history of urban development for a long time. His research project is to understand the present and future value of cities based on vivid field information collected by traveling all over South Korea using public transportation three to four times a week, as well as literature from over 100 years, from the colonial era's 'land division plan' to the most recent 'urban basic plan'. His records have been highly valued and utilized by discerning investors as reports on areas slated for redevelopment, reconstruction, and residential development. The real estate stories he tells based on big data collected over a long period of time have also received a lot of attention through various media outlets, including the YouTube channel Sampro TV's "Dr. Kim Si-deok's Urban History," and have received favorable reviews such as, "It has been more helpful in creating life and wealth than any other story." This book is the first economics and management book written by humanist Kim Si-deok for those who dream of 'owning their own home' in South Korea. It analyzes 'a good place to live and buy' from five perspectives: 'national project', 'security', 'disaster', 'transportation', and 'redevelopment'. He introduces promising unicorn-like locations that are both livable and have high future investment value, personally selected through decades of walking and seeing with his own two feet. He also explains the true nature of location conditions that are often kept secret for fear of lowering housing prices, and how to avoid being fooled by outrageous schemes of planned real estate. This book will serve as a solid guide for both real estate investors seeking a smart home and investors seeking smart returns. |
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Preview
index
Entering
Part 1.
The History of Real Estate as a National Project
Chapter 1.
The Birth and Changes of the Urban Master Plan
The truth the map tells
Changes in the basic urban plan
The relationship between population growth and urban planning
A glimpse into modern Korea from colonial-era floor plans
Chapter 2.
The History of the Gyeongin Canal and Administrative Capital Plan
Administrative continuity, administrative inertia
Grand National Land Development Plan: Gyeongin Canal Plan
Grand National Land Development Plan: New City Planning
From the Gyeongin Canal to the development of Yeouido
Bucheon Port Plan and Garorim Bay Project
The relocation of the administrative capital and the future of Sejong, Gongju, and Cheongju
The Blue House's Blank Plan for the Administrative Capital and the Future of Real Estate
Two rounds of administrative capital site selection
Administrative Capital: The Three Kingdoms of Roh Moo-hyun, Lee Myung-bak, and Park Geun-hye
Will a central region megacity emerge?
Will the Central Industrial Region plan come to fruition?
The era of the Yongsan Presidential Office begins.
Part 2.
Conditions for a good real estate to live in and buy
Chapter 3.
The Correlation Between Inter-Korean Relations and Real Estate
Security Issues and Modern Korea
Is it dangerous to be close to North Korea?
Investment in border areas where optimism is difficult
Why Military Airport Relocation is Difficult
Military Base Relocation Issue: Godeok New Town in Pyeongtaek
Soil contamination issues during military base relocation
Factory site and soil contamination
Chapter 4.
The risk of disaster that could destroy lives and housing prices
Disaster factors hidden for fear of falling house prices
The dangers and values hidden in land names
Where can I find a country house without worrying about running water?
Are we safe from earthquakes?
Causes of poor construction and ground subsidence
Chapter 5.
The Reality of Redevelopment and Transportation Network Benefits
Will the city center be developed or maintained?
Height and floor area ratio restrictions should be relaxed.
Will all GTX lines actually open?
Studying railroads reveals the future of investing.
Conditions for real estate whose value does not fluctuate
A good resource to read along with the references in this book.
Part 1.
The History of Real Estate as a National Project
Chapter 1.
The Birth and Changes of the Urban Master Plan
The truth the map tells
Changes in the basic urban plan
The relationship between population growth and urban planning
A glimpse into modern Korea from colonial-era floor plans
Chapter 2.
The History of the Gyeongin Canal and Administrative Capital Plan
Administrative continuity, administrative inertia
Grand National Land Development Plan: Gyeongin Canal Plan
Grand National Land Development Plan: New City Planning
From the Gyeongin Canal to the development of Yeouido
Bucheon Port Plan and Garorim Bay Project
The relocation of the administrative capital and the future of Sejong, Gongju, and Cheongju
The Blue House's Blank Plan for the Administrative Capital and the Future of Real Estate
Two rounds of administrative capital site selection
Administrative Capital: The Three Kingdoms of Roh Moo-hyun, Lee Myung-bak, and Park Geun-hye
Will a central region megacity emerge?
Will the Central Industrial Region plan come to fruition?
The era of the Yongsan Presidential Office begins.
Part 2.
Conditions for a good real estate to live in and buy
Chapter 3.
The Correlation Between Inter-Korean Relations and Real Estate
Security Issues and Modern Korea
Is it dangerous to be close to North Korea?
Investment in border areas where optimism is difficult
Why Military Airport Relocation is Difficult
Military Base Relocation Issue: Godeok New Town in Pyeongtaek
Soil contamination issues during military base relocation
Factory site and soil contamination
Chapter 4.
The risk of disaster that could destroy lives and housing prices
Disaster factors hidden for fear of falling house prices
The dangers and values hidden in land names
Where can I find a country house without worrying about running water?
Are we safe from earthquakes?
Causes of poor construction and ground subsidence
Chapter 5.
The Reality of Redevelopment and Transportation Network Benefits
Will the city center be developed or maintained?
Height and floor area ratio restrictions should be relaxed.
Will all GTX lines actually open?
Studying railroads reveals the future of investing.
Conditions for real estate whose value does not fluctuate
A good resource to read along with the references in this book.
Detailed image
Into the book
South Korea is a country in military confrontation with North Korea.
Naturally, there are military units located in every corner of the country.
Additionally, various restrictions are placed on the map to prevent North Korean spies from easily obtaining information.
So, when you're thinking about investing in a certain area, you should carefully look at the satellite image mode of your map application.
Instead of dismissing the green areas in satellite photos as green space, you should make it a habit to check them on Google Maps.
And you should get into the habit of going to the site yourself and checking to see if there are any military units nearby, if it is a steep slope that cannot be developed, or if it is a blind spot.
--- p.29
Every local government presents plans for a future of population growth and development.
No mayor, county governor, or member of the National Assembly can argue that their city can no longer grow quantitatively and that we should create a compact city to prepare for the future.
The reality is that such people are not chosen by the local residents during elections.
However, it is common to see on field trips that facilities built in anticipation of population growth and urban growth are left empty and unused.
Given this situation, citizens who are concerned about "where to live" must cultivate the ability to interpret the various blueprints presented by the government and local governments with their own eyes.
Only then can you make a sober judgment about whether this house or this land is truly worth living in, rather than being swayed by people whispering all sorts of good news and making blind investments.
--- p.31~32
Rather than the areas that were targeted for land readjustment projects in the 1930s and 1940s, older blocks cleared at that time and sloped areas on the outskirts were developed first.
The development cycle is about 80 to 100 years.
From these development cycles, we can infer the development cycles of the areas developed in the 1930s and 1940s.
Because these areas have a longer history than areas developed after liberation, ownership relationships are more complex.
The triangular area west of Gireum Station, which was once a block of old tile-roofed houses outside of the northeastern part of Seoul's Sadamun Gate, is finally being rebuilt into the Gireum Station Lotte Castle Twin Gold Apartments after a difficult process.
Hawolgok-dong in Seongbuk-gu, Seoul, which was nicknamed 'Miari Texas', is currently designated as Sinwolgok 1-gu District and is undergoing a redevelopment project, but it is also known to be experiencing difficulties in promoting the project.
--- p.59
There are many disaster factors to consider when choosing a home to protect our lives and 'home value'.
The report from the National Disaster and Safety Research Institute, introduced earlier, lists various disasters, but when viewed from the perspective of "where to live and where to live," the level of urgency of the disaster changes slightly.
For example, landslides during floods have a particularly significant impact on life and housing prices.
In this regard, building collapse and ground subsidence due to soft ground and poor construction are disasters that affect our daily lives.
--- p.173
Go to the actual site.
Don't just drive around, walk around and check out the elevation of the ground.
Take a whiff of the air there, too.
Check if the air is clean or if smoke and wastewater are flowing out from nearby factories or livestock farms.
And try taking the buses and trains yourself.
Find out what inconveniences families without a car might face when using public transportation, and what it would be like if you no longer had a car.
I believe this method will be helpful not only when looking for a place to live, but also when looking for a place to live.
Naturally, there are military units located in every corner of the country.
Additionally, various restrictions are placed on the map to prevent North Korean spies from easily obtaining information.
So, when you're thinking about investing in a certain area, you should carefully look at the satellite image mode of your map application.
Instead of dismissing the green areas in satellite photos as green space, you should make it a habit to check them on Google Maps.
And you should get into the habit of going to the site yourself and checking to see if there are any military units nearby, if it is a steep slope that cannot be developed, or if it is a blind spot.
--- p.29
Every local government presents plans for a future of population growth and development.
No mayor, county governor, or member of the National Assembly can argue that their city can no longer grow quantitatively and that we should create a compact city to prepare for the future.
The reality is that such people are not chosen by the local residents during elections.
However, it is common to see on field trips that facilities built in anticipation of population growth and urban growth are left empty and unused.
Given this situation, citizens who are concerned about "where to live" must cultivate the ability to interpret the various blueprints presented by the government and local governments with their own eyes.
Only then can you make a sober judgment about whether this house or this land is truly worth living in, rather than being swayed by people whispering all sorts of good news and making blind investments.
--- p.31~32
Rather than the areas that were targeted for land readjustment projects in the 1930s and 1940s, older blocks cleared at that time and sloped areas on the outskirts were developed first.
The development cycle is about 80 to 100 years.
From these development cycles, we can infer the development cycles of the areas developed in the 1930s and 1940s.
Because these areas have a longer history than areas developed after liberation, ownership relationships are more complex.
The triangular area west of Gireum Station, which was once a block of old tile-roofed houses outside of the northeastern part of Seoul's Sadamun Gate, is finally being rebuilt into the Gireum Station Lotte Castle Twin Gold Apartments after a difficult process.
Hawolgok-dong in Seongbuk-gu, Seoul, which was nicknamed 'Miari Texas', is currently designated as Sinwolgok 1-gu District and is undergoing a redevelopment project, but it is also known to be experiencing difficulties in promoting the project.
--- p.59
There are many disaster factors to consider when choosing a home to protect our lives and 'home value'.
The report from the National Disaster and Safety Research Institute, introduced earlier, lists various disasters, but when viewed from the perspective of "where to live and where to live," the level of urgency of the disaster changes slightly.
For example, landslides during floods have a particularly significant impact on life and housing prices.
In this regard, building collapse and ground subsidence due to soft ground and poor construction are disasters that affect our daily lives.
--- p.173
Go to the actual site.
Don't just drive around, walk around and check out the elevation of the ground.
Take a whiff of the air there, too.
Check if the air is clean or if smoke and wastewater are flowing out from nearby factories or livestock farms.
And try taking the buses and trains yourself.
Find out what inconveniences families without a car might face when using public transportation, and what it would be like if you no longer had a car.
I believe this method will be helpful not only when looking for a place to live, but also when looking for a place to live.
--- p.336
Publisher's Review
“How much does a house cost to live in?”
Reading through 100 years of real estate history and 200,000 on-site photos
Current and future value of real estate in South Korea
There are two perspectives on real estate in Korea.
These are 'places to live' for actual residence or 'places to buy' for investment.
If you are a wealthy person, you may want to consider dividing your property into a place for living and a place for investing.
However, for an ordinary person who dreams of owning a nice house with the money he has saved hard, it is not easy to think about where to live and where to invest.
The same goes for people who plan to move to a higher-class area after living there for a few years.
What if it's not suitable for actual living or is likely to be embroiled in misfortune in the future? The moment you try to move, that house will be your last resort.
Ultimately, we need to find promising unicorn-like places that are good places to live and have promising future value.
Where could such a place be? Where should we live?
To answer that question, this book first uses ‘history’ as a tool to analyze ‘present value’ and ‘future value.’
Kim Si-deok, Korea's one-of-a-kind urban literature scholar, travels across the country, records and photographs signboards, cornerstones, village monuments, wall posters, placards, flyers, and store closure notices, all of which he has left behind in the city. He analyzes these and other urban development plan documents from the Joseon Dynasty to the present day, reconstructing the city's past, present, and future value.
Reading his writings, which span over 100 years of history, allows you to understand the flow and unique aspects of real estate history in South Korea.
Through the 'Gyeongin Ara Waterway Project', which began in the Joseon Dynasty and was realized in 2011, we can learn about projects where administrative inertia is at work, and by examining the differences between the rosy development plans presented by the government and local governments that were realized and those that were not, we can develop an eye for interpreting various issues called 'good news.'
The reality of location conditions that real estate agents never tell you
The stagnation of positive issues, such as the opening of the GTX, since the military airport was relocated.
If you've developed an eye for the overall real estate landscape by analyzing the past, present, and future of "national projects," it's time to delve deeper into places that are "good to live in" and "good to buy in."
This book examines the real estate landscape, focusing on "security issues," "disasters," "transportation," and "redevelopment," offering a deeper insight and perspective that is different from other existing real estate books.
First, in the security issue section, we discuss the impact of inter-Korean relations on real estate and the outlook for investment in DMZ border areas such as Paju.
It also takes a close look at the possibility of relocating military airports and military units, as well as the pollution problems hidden behind them.
And in the disaster issue section, we will learn about areas that are safe from 'earthquakes', 'floods', and 'landslides', which are things you need to know to protect your right to a safe and healthy residence.
In particular, it coolly examines the characteristics of disaster-prone areas where real estate agents and even local residents are keeping quiet for fear of falling housing prices, as well as areas at risk of ground subsidence due to poor construction.
The Transportation and Redevelopment section focuses on the GTX issue, a hot topic among real estate investors. With housing prices in major complexes, which had surged with the GTX project, now falling by hundreds of millions of won, we closely analyze the bubble and future value of the GTX-related windfall.
Over the past 100 years, we examine cases where projects like the Donghae Line, Biin Line, Seohaean Line, and Damyang Line were promised as election pledges but were subsequently abandoned, as well as areas that experienced rapid growth due to the opening of subways in the past, and areas that opened with high expectations but ultimately suffered declines in housing prices due to the location or lack of effectiveness of the lines.
In addition, Kim Si-deok provides analysis that only he can provide, based on vast big data, on the future of investments related to the establishment of transportation networks, including the current GTX-related good news.
I don't want the house I saved my whole life to become a hell filled with regrets...
A book that will serve as a strong safety net to protect your residential happiness.
In the real estate industry, empty words like “near the subway station,” “conveniently located,” “best location,” and “traditional geomantic site” are used too easily.
These kinds of empty promises actually lure people who want to live or invest there.
However, when you actually go to the site, you will find that the places called 'station area' are on top of a steep hill, or the places called 'forest area' are in areas at risk of landslides when it rains.
In places that were advertised as having railways, instead of passenger railways, freight railways were actually built, which actually hindered urban growth.
The numerous location conditions and information surrounding real estate have a significant impact on quality of life and housing prices. However, if you lack understanding of real estate, you can easily be swept away by the deluge of false information.
If you find a place you really want to live in, don't just drive around and take a quick look around. Instead, walk around and check the elevation of the land.
You need to check what the air smells like, whether there are smoke and wastewater flowing from nearby factories or livestock farms, and even ride buses and trains yourself to get a feel for the time it takes to get there.
I also hope to examine the historical evolution of urban planning in relation to the region.
If you don't have the time or energy to do that, open this book.
To ensure that the home you've saved up for your entire life doesn't become a lifelong regret, this will serve as a minimal safety net to protect the residential happiness of those who dream of owning their own home.
Reading through 100 years of real estate history and 200,000 on-site photos
Current and future value of real estate in South Korea
There are two perspectives on real estate in Korea.
These are 'places to live' for actual residence or 'places to buy' for investment.
If you are a wealthy person, you may want to consider dividing your property into a place for living and a place for investing.
However, for an ordinary person who dreams of owning a nice house with the money he has saved hard, it is not easy to think about where to live and where to invest.
The same goes for people who plan to move to a higher-class area after living there for a few years.
What if it's not suitable for actual living or is likely to be embroiled in misfortune in the future? The moment you try to move, that house will be your last resort.
Ultimately, we need to find promising unicorn-like places that are good places to live and have promising future value.
Where could such a place be? Where should we live?
To answer that question, this book first uses ‘history’ as a tool to analyze ‘present value’ and ‘future value.’
Kim Si-deok, Korea's one-of-a-kind urban literature scholar, travels across the country, records and photographs signboards, cornerstones, village monuments, wall posters, placards, flyers, and store closure notices, all of which he has left behind in the city. He analyzes these and other urban development plan documents from the Joseon Dynasty to the present day, reconstructing the city's past, present, and future value.
Reading his writings, which span over 100 years of history, allows you to understand the flow and unique aspects of real estate history in South Korea.
Through the 'Gyeongin Ara Waterway Project', which began in the Joseon Dynasty and was realized in 2011, we can learn about projects where administrative inertia is at work, and by examining the differences between the rosy development plans presented by the government and local governments that were realized and those that were not, we can develop an eye for interpreting various issues called 'good news.'
The reality of location conditions that real estate agents never tell you
The stagnation of positive issues, such as the opening of the GTX, since the military airport was relocated.
If you've developed an eye for the overall real estate landscape by analyzing the past, present, and future of "national projects," it's time to delve deeper into places that are "good to live in" and "good to buy in."
This book examines the real estate landscape, focusing on "security issues," "disasters," "transportation," and "redevelopment," offering a deeper insight and perspective that is different from other existing real estate books.
First, in the security issue section, we discuss the impact of inter-Korean relations on real estate and the outlook for investment in DMZ border areas such as Paju.
It also takes a close look at the possibility of relocating military airports and military units, as well as the pollution problems hidden behind them.
And in the disaster issue section, we will learn about areas that are safe from 'earthquakes', 'floods', and 'landslides', which are things you need to know to protect your right to a safe and healthy residence.
In particular, it coolly examines the characteristics of disaster-prone areas where real estate agents and even local residents are keeping quiet for fear of falling housing prices, as well as areas at risk of ground subsidence due to poor construction.
The Transportation and Redevelopment section focuses on the GTX issue, a hot topic among real estate investors. With housing prices in major complexes, which had surged with the GTX project, now falling by hundreds of millions of won, we closely analyze the bubble and future value of the GTX-related windfall.
Over the past 100 years, we examine cases where projects like the Donghae Line, Biin Line, Seohaean Line, and Damyang Line were promised as election pledges but were subsequently abandoned, as well as areas that experienced rapid growth due to the opening of subways in the past, and areas that opened with high expectations but ultimately suffered declines in housing prices due to the location or lack of effectiveness of the lines.
In addition, Kim Si-deok provides analysis that only he can provide, based on vast big data, on the future of investments related to the establishment of transportation networks, including the current GTX-related good news.
I don't want the house I saved my whole life to become a hell filled with regrets...
A book that will serve as a strong safety net to protect your residential happiness.
In the real estate industry, empty words like “near the subway station,” “conveniently located,” “best location,” and “traditional geomantic site” are used too easily.
These kinds of empty promises actually lure people who want to live or invest there.
However, when you actually go to the site, you will find that the places called 'station area' are on top of a steep hill, or the places called 'forest area' are in areas at risk of landslides when it rains.
In places that were advertised as having railways, instead of passenger railways, freight railways were actually built, which actually hindered urban growth.
The numerous location conditions and information surrounding real estate have a significant impact on quality of life and housing prices. However, if you lack understanding of real estate, you can easily be swept away by the deluge of false information.
If you find a place you really want to live in, don't just drive around and take a quick look around. Instead, walk around and check the elevation of the land.
You need to check what the air smells like, whether there are smoke and wastewater flowing from nearby factories or livestock farms, and even ride buses and trains yourself to get a feel for the time it takes to get there.
I also hope to examine the historical evolution of urban planning in relation to the region.
If you don't have the time or energy to do that, open this book.
To ensure that the home you've saved up for your entire life doesn't become a lifelong regret, this will serve as a minimal safety net to protect the residential happiness of those who dream of owning their own home.
GOODS SPECIFICS
- Publication date: July 20, 2022
- Page count, weight, size: 344 pages | 632g | 152*225*21mm
- ISBN13: 9791191347975
- ISBN10: 1191347974
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