
Good sense of location
Description
Book Introduction
- A word from MD
-
In the end, it all comes down to location.This is the first book by Hwolhwol, a property expert who started married life with a 30 million won overdraft in her bank account but achieved financial freedom by purchasing a house in a good location.
It contains all the author's know-how, including everything about the location collected and analyzed over seven years of forestry and strategies for switching homes for single-home owners.
July 15, 2022. Economics and Management PD Kim Sang-geun
“With the same money
Why do some people move up to the upper class,
“Is someone staying in the lower class?”
Location analysis expert Hwolhwol gives detailed information like a tutoring session
A strategic wealth roadmap that even ordinary salaried workers can use to enter Gangnam.
- Highly recommended by Passion Kim Hak-ryeol!
- Real estate mentor, a hot topic on 'Monthly Payment TV' and 'Home Economy TV'
- 2022~2025 Promising Locations Revealed
In 2022, South Korea's unprecedented real estate boom is fading and taking a breather.
The actual transaction prices of apartments in areas that had enjoyed a sweet rise over the past five years are slowly falling, and the average winning points for subscriptions have also plummeted compared to last year.
The Yoon Seok-yeol administration has announced various deregulation measures, but loans are still being squeezed by those in need, interest rates are rising, and anxiety is growing among both those without a home and those with one home.
However, the top-tier areas where everyone wants to live, such as Gangnam, Seocho, and Hannam, are showing a completely different picture, with prices breaking new records every day.
Just as a drought dries up a pond from the edges, in this ominous atmosphere, owners of multiple homes are also showing signs of trying to sell off the many houses they own and keep only one 'strong house'.
Furthermore, this movement is growing stronger as the Yoon Seok-yeol administration plays the card of temporarily excluding the transfer tax.
The author, Hwolhwol, wrote this book to inform single-home owners and those without a home, who are increasingly losing their way amidst the chaos of easing policies, loan regulations, and interest rate hikes, that they can protect and grow their assets simply by knowing their "location."
As you read the stories of people who achieved financial freedom through location, including the author's own example of purchasing their first home and then using that home to move into Gangnam, you will gain confidence that even a small amount of seed money is sufficient to achieve the location you desire.
This book contains the stories of people who have chosen the right location like a pair of tongs, the secrets and timing of switching that only experts know, and even go one step further and use tax-saving strategies.
Even those who have given up on buying a home because they lack the initial capital, or those who own only one home but cannot even think about upgrading because house prices have risen so much, can create a proper roadmap to wealth with just this one book.
Hwolhwol, a location analysis expert who has secured the fastest-growing areas, shares his unique location sense and the secrets to switching that he has personally proven through field experience.
Why do some people move up to the upper class,
“Is someone staying in the lower class?”
Location analysis expert Hwolhwol gives detailed information like a tutoring session
A strategic wealth roadmap that even ordinary salaried workers can use to enter Gangnam.
- Highly recommended by Passion Kim Hak-ryeol!
- Real estate mentor, a hot topic on 'Monthly Payment TV' and 'Home Economy TV'
- 2022~2025 Promising Locations Revealed
In 2022, South Korea's unprecedented real estate boom is fading and taking a breather.
The actual transaction prices of apartments in areas that had enjoyed a sweet rise over the past five years are slowly falling, and the average winning points for subscriptions have also plummeted compared to last year.
The Yoon Seok-yeol administration has announced various deregulation measures, but loans are still being squeezed by those in need, interest rates are rising, and anxiety is growing among both those without a home and those with one home.
However, the top-tier areas where everyone wants to live, such as Gangnam, Seocho, and Hannam, are showing a completely different picture, with prices breaking new records every day.
Just as a drought dries up a pond from the edges, in this ominous atmosphere, owners of multiple homes are also showing signs of trying to sell off the many houses they own and keep only one 'strong house'.
Furthermore, this movement is growing stronger as the Yoon Seok-yeol administration plays the card of temporarily excluding the transfer tax.
The author, Hwolhwol, wrote this book to inform single-home owners and those without a home, who are increasingly losing their way amidst the chaos of easing policies, loan regulations, and interest rate hikes, that they can protect and grow their assets simply by knowing their "location."
As you read the stories of people who achieved financial freedom through location, including the author's own example of purchasing their first home and then using that home to move into Gangnam, you will gain confidence that even a small amount of seed money is sufficient to achieve the location you desire.
This book contains the stories of people who have chosen the right location like a pair of tongs, the secrets and timing of switching that only experts know, and even go one step further and use tax-saving strategies.
Even those who have given up on buying a home because they lack the initial capital, or those who own only one home but cannot even think about upgrading because house prices have risen so much, can create a proper roadmap to wealth with just this one book.
Hwolhwol, a location analysis expert who has secured the fastest-growing areas, shares his unique location sense and the secrets to switching that he has personally proven through field experience.
- You can preview some of the book's contents.
Preview
index
Recommended Real Estate Investing: It's Time to Get Back to the Basics!
Prologue To you who thinks Gangnam is a dream
Part 1.
Why now?
Chapter 1.
How did someone born with a net worth of 30 million won end up in Gangnam?
Let a smart home work smartly
How to Find Your Own Gangnam with an Eye for Location
The future of a person with the same amount of money five years from now
Find the 'guy who will do well in the future'
Chapter 2.
The key to beating the market with real estate investing is location.
Deepening regional decoupling following a prolonged bull market
As regulations are relaxed, jade becomes rarer.
The thing that holds up in a downturn is 'this'
Future wealth is tied solely to location.
[CASE STUDY] Capital Works Only When You Move Out of Your First Home
Part 2.
Find an apartment that will still appreciate in 10 years.
Chapter 3.
What is a good location?
A place where value increases over time
4 Golden Location Requirements to Know When to Buy
Good locations are everywhere
The difference between someone who knows their place and someone who doesn't
A good sense of place begins with knowing yourself.
Chapter 4.
How to Develop a Good Sense of Location for Rising Apartment Prices
[Step 1] Analyzing Intrinsic and Extrinsic Values
Step 2: Selecting a Dynamic Location for Asset Quantum Jumps
Step 3: Finding the Optimal Location through Market Grouping
Step 4: Finding Apartments with Local Connections
Chapter 5.
Pay attention to promising locations and transportation networks under construction over the next three years.
The new transportation network will change the metropolitan area's location hierarchy.
A Big Bang in Job Accessibility: The Extension of the Shinbundang Line and Line 8
Tectonic shifts in the southwestern part of the metropolitan area, the Seohae Line and the Shin Ansan Line
Wolgot-Pangyo Line, which cuts across the country
Small but powerful, high-quality lines: the Sillim Line and the Dongbuk Line
[CASE STUDY] When I took my eyes off the subscription, I saw more opportunities!
Part 3.
Practical strategies for switching to increase your wealth level
Chapter 6.
A stepping stone strategy for single-home owners
Expand your assets by switching, not moving.
[Beginner's Guide] Easily Switching from One Home to Another
[Replacement of Heavy Water] Smartly Switching to a Temporary First-Generation Second Home
[The Expert's Switch] Switching to the Silk Road: Gaining Capital Gains and Tax Exemptions Through Maintenance Businesses
[PLUS STUDY] Utilizing the Alternative Housing System More Efficiently
[Super Expert's Transfer] Riding the High-End Express Train with a 3-Step Strategy
[PLUS STUDY] Acquisition, Holding, and Transfer Tax-Saving Strategies for Multiple Homeowners and Investors
Chapter 7.
Homeownership Strategies for the Homeless
Should I wait for the subscription or trade the key?
Develop a housing strategy that's right for you with "My Home Litmus."
[CASE STUDY] Entering Gangnam in your 30s with a well-chosen stepping stone!
Part 4.
A project to find your own Gangnam by life cycle, with a quick guide.
A young 20-something with little start-up money buys his first home.
Finding a home for newlyweds in their 30s who value proximity to work
A transition for couples in their 40s and 50s who prioritize their children's education.
Resetting the 6070s' nest egg for a comfortable retirement
[CASE STUDY] Build a retirement nest egg without spending a penny!
Prologue To you who thinks Gangnam is a dream
Part 1.
Why now?
Chapter 1.
How did someone born with a net worth of 30 million won end up in Gangnam?
Let a smart home work smartly
How to Find Your Own Gangnam with an Eye for Location
The future of a person with the same amount of money five years from now
Find the 'guy who will do well in the future'
Chapter 2.
The key to beating the market with real estate investing is location.
Deepening regional decoupling following a prolonged bull market
As regulations are relaxed, jade becomes rarer.
The thing that holds up in a downturn is 'this'
Future wealth is tied solely to location.
[CASE STUDY] Capital Works Only When You Move Out of Your First Home
Part 2.
Find an apartment that will still appreciate in 10 years.
Chapter 3.
What is a good location?
A place where value increases over time
4 Golden Location Requirements to Know When to Buy
Good locations are everywhere
The difference between someone who knows their place and someone who doesn't
A good sense of place begins with knowing yourself.
Chapter 4.
How to Develop a Good Sense of Location for Rising Apartment Prices
[Step 1] Analyzing Intrinsic and Extrinsic Values
Step 2: Selecting a Dynamic Location for Asset Quantum Jumps
Step 3: Finding the Optimal Location through Market Grouping
Step 4: Finding Apartments with Local Connections
Chapter 5.
Pay attention to promising locations and transportation networks under construction over the next three years.
The new transportation network will change the metropolitan area's location hierarchy.
A Big Bang in Job Accessibility: The Extension of the Shinbundang Line and Line 8
Tectonic shifts in the southwestern part of the metropolitan area, the Seohae Line and the Shin Ansan Line
Wolgot-Pangyo Line, which cuts across the country
Small but powerful, high-quality lines: the Sillim Line and the Dongbuk Line
[CASE STUDY] When I took my eyes off the subscription, I saw more opportunities!
Part 3.
Practical strategies for switching to increase your wealth level
Chapter 6.
A stepping stone strategy for single-home owners
Expand your assets by switching, not moving.
[Beginner's Guide] Easily Switching from One Home to Another
[Replacement of Heavy Water] Smartly Switching to a Temporary First-Generation Second Home
[The Expert's Switch] Switching to the Silk Road: Gaining Capital Gains and Tax Exemptions Through Maintenance Businesses
[PLUS STUDY] Utilizing the Alternative Housing System More Efficiently
[Super Expert's Transfer] Riding the High-End Express Train with a 3-Step Strategy
[PLUS STUDY] Acquisition, Holding, and Transfer Tax-Saving Strategies for Multiple Homeowners and Investors
Chapter 7.
Homeownership Strategies for the Homeless
Should I wait for the subscription or trade the key?
Develop a housing strategy that's right for you with "My Home Litmus."
[CASE STUDY] Entering Gangnam in your 30s with a well-chosen stepping stone!
Part 4.
A project to find your own Gangnam by life cycle, with a quick guide.
A young 20-something with little start-up money buys his first home.
Finding a home for newlyweds in their 30s who value proximity to work
A transition for couples in their 40s and 50s who prioritize their children's education.
Resetting the 6070s' nest egg for a comfortable retirement
[CASE STUDY] Build a retirement nest egg without spending a penny!
Detailed image
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Into the book
In places with good locations, both in the metropolitan area and in the provinces, old houses are gradually being transformed into new apartments, although there is a slight delay.
What do these places experiencing such changes have in common? Ultimately, they are "prime locations" with a good environment, convenient transportation, and abundant jobs.
Location is the absolute driving force needed to transform an old house into a new one.
Even now, the old downtown areas of Gyeonggi-do and Incheon are adjacent to Seoul, providing good access to jobs. However, with the continuous completion of new transportation networks, the location value is expected to increase even more.
As the location of the old city center improves, redevelopment projects are naturally promoted and products are also replaced with new ones.
Cities in Gyeonggi Province with high urban aging rates, such as Goyang, Bucheon, Uiwang, and Gunpo, are likely to gradually become prime locations through redevelopment projects.
The future of Gangnam and Yongsan is hidden right here.
All I have to do is find the location that best suits my needs among the places that will become the 'new Gangnam'.
---From "Find the 'guy who will do well in the future'"
After a long bull market, market uncertainty due to policy changes continues to the point where it is impossible to see even an inch ahead.
In this situation, both those without a home and those with one home who are planning to move are inevitably faced with the dilemma, "Where should I buy to protect and increase the value of my assets?"
In the coming market, ‘national’ statistical indicators will have little meaning.
It is important to understand the market movements that vary by region and find places that will rise more during a bull market, fall less during a bear market, and recover quickly.
The value of "location," which had been dormant, is resurfacing.
---From "Regional Decoupling Deepens After a Long-Term Bull Market"
When looking for an investment location, you should think more flexibly, moving away from the obsession with "a good place to live now" and targeting "a place where the location hierarchy can be reversed."
Our challenge is to find places that have the potential to move from the lower to the middle group, and from the middle to the upper group.
By looking for 'my own Gangnam that suits my situation' based on these criteria, you will be able to see a location where you can increase your assets without having to tighten your belt and go 'young-pulling' or risk 'body tech'.
The investment sense that allows you to find such a location is called location sense.
---From "Good Locations Are Everywhere"
The first thing to consider before buying a home is to answer the questions, "What kind of area do I want to live in?" or "What kind of house do I want to buy?"
Do you need a home that will appreciate in value while you live in it, or one that you don't need to live in and can quickly appreciate in value? Is it worth living in a prefabricated apartment that requires showering in rust water and engaging in "body tech" if it guarantees a significant increase in value? The answers to these questions vary greatly depending on your lifestyle and family structure.
So if 100 people come to me and ask, “What kind of house should I buy?” I have to give them 100 different answers.
So, before you start looking for the perfect home for your situation, if you don't ask yourself, "What kind of home do I want?", your choices will just keep growing.
---From “A sense of place begins with knowing ‘myself’”
For someone who enjoys the affluent infrastructure of a core area and commutes to work in about 30 minutes, moving to the outskirts would certainly be a burden.
But this is only a midpoint.
Equip yourself with a sense of location to find locations that can give your assets a quantum leap, and use those locations as "midpoints" on your roadmap to higher-level locations.
So to speak, these points are the 'stepping stones' on the way to Gangnam.
If you try to cross a wide river in one go, you might fall into the water.
By identifying mid- and low-level areas where dynamic growth occurs and utilizing them as effective stepping stones, your investment roadmap will become a safe and smooth "flower path."
---From "Selecting a Dynamic Location for Asset Quantum Jump"
I'd say that in this market, you should shift your investments to "protect your assets." After a long bull market, now is a period of consolidation. It's time to shift your assets to better positions, with a defensive rather than offensive mindset.
As we have seen before, apartments in good locations rise faster and more during rising prices.
Even if a downturn occurs, it is the last to go down, and because it has high resilience, the price recovers more quickly when the downturn ends.
This is precisely why we need to switch to a smarter version of the upper class now.
---From "Expand your assets by 'switching' rather than moving"
If you want a comfortable life, investing in real estate should be different from investing in stocks.
When you invest small amounts, you have no choice but to invest like stocks, repeatedly buying and selling.
However, the ultimate goal of studying so hard and going to the forest until the soles of my sneakers are worn out is a comfortable and prosperous life for me and my family.
A life where I can leisurely enjoy doing what I really want to do.
Small investments inevitably lead to complex investments, and eventually, my daily life becomes immersed in investing.
So, the direction of investment should be ‘simplicity.’
The road to wealth begins with a good location.
I hope you invest in the unchanging value of 'good location'.
What do these places experiencing such changes have in common? Ultimately, they are "prime locations" with a good environment, convenient transportation, and abundant jobs.
Location is the absolute driving force needed to transform an old house into a new one.
Even now, the old downtown areas of Gyeonggi-do and Incheon are adjacent to Seoul, providing good access to jobs. However, with the continuous completion of new transportation networks, the location value is expected to increase even more.
As the location of the old city center improves, redevelopment projects are naturally promoted and products are also replaced with new ones.
Cities in Gyeonggi Province with high urban aging rates, such as Goyang, Bucheon, Uiwang, and Gunpo, are likely to gradually become prime locations through redevelopment projects.
The future of Gangnam and Yongsan is hidden right here.
All I have to do is find the location that best suits my needs among the places that will become the 'new Gangnam'.
---From "Find the 'guy who will do well in the future'"
After a long bull market, market uncertainty due to policy changes continues to the point where it is impossible to see even an inch ahead.
In this situation, both those without a home and those with one home who are planning to move are inevitably faced with the dilemma, "Where should I buy to protect and increase the value of my assets?"
In the coming market, ‘national’ statistical indicators will have little meaning.
It is important to understand the market movements that vary by region and find places that will rise more during a bull market, fall less during a bear market, and recover quickly.
The value of "location," which had been dormant, is resurfacing.
---From "Regional Decoupling Deepens After a Long-Term Bull Market"
When looking for an investment location, you should think more flexibly, moving away from the obsession with "a good place to live now" and targeting "a place where the location hierarchy can be reversed."
Our challenge is to find places that have the potential to move from the lower to the middle group, and from the middle to the upper group.
By looking for 'my own Gangnam that suits my situation' based on these criteria, you will be able to see a location where you can increase your assets without having to tighten your belt and go 'young-pulling' or risk 'body tech'.
The investment sense that allows you to find such a location is called location sense.
---From "Good Locations Are Everywhere"
The first thing to consider before buying a home is to answer the questions, "What kind of area do I want to live in?" or "What kind of house do I want to buy?"
Do you need a home that will appreciate in value while you live in it, or one that you don't need to live in and can quickly appreciate in value? Is it worth living in a prefabricated apartment that requires showering in rust water and engaging in "body tech" if it guarantees a significant increase in value? The answers to these questions vary greatly depending on your lifestyle and family structure.
So if 100 people come to me and ask, “What kind of house should I buy?” I have to give them 100 different answers.
So, before you start looking for the perfect home for your situation, if you don't ask yourself, "What kind of home do I want?", your choices will just keep growing.
---From “A sense of place begins with knowing ‘myself’”
For someone who enjoys the affluent infrastructure of a core area and commutes to work in about 30 minutes, moving to the outskirts would certainly be a burden.
But this is only a midpoint.
Equip yourself with a sense of location to find locations that can give your assets a quantum leap, and use those locations as "midpoints" on your roadmap to higher-level locations.
So to speak, these points are the 'stepping stones' on the way to Gangnam.
If you try to cross a wide river in one go, you might fall into the water.
By identifying mid- and low-level areas where dynamic growth occurs and utilizing them as effective stepping stones, your investment roadmap will become a safe and smooth "flower path."
---From "Selecting a Dynamic Location for Asset Quantum Jump"
I'd say that in this market, you should shift your investments to "protect your assets." After a long bull market, now is a period of consolidation. It's time to shift your assets to better positions, with a defensive rather than offensive mindset.
As we have seen before, apartments in good locations rise faster and more during rising prices.
Even if a downturn occurs, it is the last to go down, and because it has high resilience, the price recovers more quickly when the downturn ends.
This is precisely why we need to switch to a smarter version of the upper class now.
---From "Expand your assets by 'switching' rather than moving"
If you want a comfortable life, investing in real estate should be different from investing in stocks.
When you invest small amounts, you have no choice but to invest like stocks, repeatedly buying and selling.
However, the ultimate goal of studying so hard and going to the forest until the soles of my sneakers are worn out is a comfortable and prosperous life for me and my family.
A life where I can leisurely enjoy doing what I really want to do.
Small investments inevitably lead to complex investments, and eventually, my daily life becomes immersed in investing.
So, the direction of investment should be ‘simplicity.’
The road to wealth begins with a good location.
I hope you invest in the unchanging value of 'good location'.
---From "Smartly Switching to a Temporary 1st Generation 2nd Home"
Publisher's Review
“The era of one-on-one fighting,
“One choice can determine ten years of wealth!”
Positioning techniques for simple and comfortable investing even in a bear market
“When I look back on my 30s, when I was running around here and there, saying I would make 1 billion won in 10 years, 80% of what made me who I am today was ‘location.’
Most investments made in poorly located properties, lured by promises of tax savings and short-term profits, ended in failure. However, investments made after thorough analysis and confirmation of excellent locations have all yielded significant returns.
I fell in love with the charm of that place.
“I wandered around with the intention of memorizing the map of Seoul and the entire metropolitan area in my head, and I developed a sense of recognizing the location at a glance.”
This is the true story of author Hwolhwol (Park Sung-hye), who is active as a homeownership mentor on shows such as 'Passion's World Tour', 'Salaryman Rich TV', and 'Home Economy TV'.
Although he is now a location analysis expert and has helped countless people find their way to home ownership, he experienced a lot of trial and error at first, just like any other person.
The old semi-basement villa in Namyangju that I bought simply because it was cheap was sold at the market price, with only the repair costs blown, as I couldn't find a tenant. In addition, the subscription rights in the local core area didn't increase while I held them, so I only had to pay taxes.
One day, I blew all my deposit and ended up in bed.
On the other hand, the 100 million won Gangnam Bokgeumjari apartments, which everyone was discouraged from moving into because they were called “half-price apartments,” have created a lot of seed money thanks to their excellent location.
Even though it was a half-price apartment where one could not own the land, the jeonse price was higher than the selling price because it was located in Gangnam.
He was finally able to start spreading his wings by using the deposit for the house he had worked hard to secure.
In this way, he experienced the 'miracle of location' by turning his net worth from a mere 30 million won to a whopping 3 billion won in just 10 years after purchasing his first home.
“As I continued to invest, my investments became increasingly narrowed to newly built apartments or ‘places where new construction is planned’ in prime locations in Seoul and the metropolitan area.
“From some point on, ‘location’ became the top priority for me in deciding on investments.”
In this book, the author clearly states that becoming a multi-homeowner is not the only way to climb the wealth ladder.
Anyway, it is a world where it is difficult to buy a lot of real estate due to various regulations.
How can an office worker, toiling away all day at work, manage dozens of accounts? As the number of accounts grows, investing becomes increasingly difficult, mental exhaustion grows, and taxes only increase, ultimately leaving me with less money than I expected.
The author says that if you have a good sense of location, you can live well even if you buy just one house.
If I buy the best item I can afford, the one that won't fall off, I can live comfortably in it, make a profit from the price difference, and with that money, I can move to a more luxurious area and finally settle down in the place of my dreams.
And all of that know-how is revealed in this book.
“If you know the ladder of emergency
“I see the next investment destination!”
From analyzing the market to seizing undervalued opportunities,
A transportation network boom that could explode within 5 years…
People who don't know the location well tend to stay in the same house or move horizontally within the same location, thinking, "How can this place possibly get any better?" when an opportunity comes.
On the other hand, people with a good sense of location do not miss the opportunity to move to more prime locations when the price gap between their area and a more upscale area narrows.
The point here is ‘market price’.
In this book, the author reveals a location analysis method that will help you identify and secure the fastest-growing positions.
This is not simply a matter of using 'intuition' gained through experience, but rather a scientific and systematic analysis based on geographical relationships, price rankings, and transportation networks.
The position is very scientific, there is a reason to go up and a reason to stay the same.
The author has packed the book with techniques for grouping stocks to identify investment areas with available funds and determine which are the best locations, as well as techniques for tracking stocks to identify undervalued areas before others.
You can learn the author's excellent sense of positioning, which has allowed him to secure the fastest-growing spots.
This book is also full of locations that are sure to rise over the next three years due to favorable transportation network conditions.
The transportation network boom mentioned here is not some pipe dream that will only come true in 20 or 30 years.
We have selected influential routes that have already begun construction and are showing promise, and are expected to cause a seismic shift in the price rankings of Seoul and the metropolitan area, and have included only the 'tangible' good news.
Here, we will generously share our unique investment know-how, including how to spot transportation network opportunities before others and when to switch when transportation network opportunities arise.
Raising the wealth class in one fell swoop
A smart, practical strategy for single-home owners to switch homes!
The latest tax-saving strategies since the Yoon Seok-yeol administration
A comprehensive overview of key locations by life cycle
Above all, the highlight of this book is the 'Single Home Owner's Switching Strategy', which the author himself has verified through practical experience.
Ironclad lending regulations and taxes are a persistent obstacle and headache for those who dream of switching.
Because of this, some people give up on switching altogether, while others groan at the unexpected tax bomb they face during the switching process.
In this book, the author has generously included the core know-how of switching experts.
A true expert is not swayed by regulations.
Rather, they actively use the regulations as a springboard to run into the fast lane that others cannot follow.
This book will teach you how to own two homes while remaining tax-free, and how to use tax exemptions to move more smoothly into a higher-class area than others.
In addition, it includes everything from the newly established coexistence rental system under the Yoon Seok-yeol administration to the deregulation policy for first-time homebuyers.
In this book, the author also introduces key locations that are perfect for each person's life cycle, from those just starting out in society, to couples in their 30s who need to secure a home after marriage, to couples in their 40s and 50s raising school-age children, to couples in their 60s and 70s who need to enjoy a comfortable retirement.
It is realistically difficult for a family of 3-4 people who are married and have children to practice 'body tech' in an old, cramped apartment or villa.
But that doesn't mean you have to sigh and give up on changing gears, nor does it mean your entire family has to endure an uncomfortable life.
The author emphasizes that real estate is not only an investment, but above all, a family's treasure trove, and that the family's body and mind should be comfortable.
Therefore, the core locations for each life cycle that Hwolhwol introduces are meticulous 'personalized solutions' that consider the reader's age, family structure, living area, and even the amount of seed money to find 'my own' Gangnam.
Whether you're a homeless person unsure of which home to buy, or a single-home owner wondering where to move to for a successful investment and living experience, this book will help you find your own Gangnam.
Having lived as a 'homeless snail' until she had a child, the author knows better than anyone the heartache and sadness caused by homelessness.
That is why I was able to become a 'homeownership mentor' to 500,000 people by taking on anyone's story as if it were my own, sometimes crying and laughing together, and sometimes giving 'hard-hitting' advice with a cool-headed judgment.
If you've given up on your desire to buy a house because you initially had little money to start with or because house prices have risen too much, it's time to get your mind back on track.
The author's unique sense, gained through his extensive experience of Seoul and the surrounding metropolitan area, will provide those without a home with a first home and those with one home with a roadmap to wealth that will ultimately lead them to Gangnam.
“One choice can determine ten years of wealth!”
Positioning techniques for simple and comfortable investing even in a bear market
“When I look back on my 30s, when I was running around here and there, saying I would make 1 billion won in 10 years, 80% of what made me who I am today was ‘location.’
Most investments made in poorly located properties, lured by promises of tax savings and short-term profits, ended in failure. However, investments made after thorough analysis and confirmation of excellent locations have all yielded significant returns.
I fell in love with the charm of that place.
“I wandered around with the intention of memorizing the map of Seoul and the entire metropolitan area in my head, and I developed a sense of recognizing the location at a glance.”
This is the true story of author Hwolhwol (Park Sung-hye), who is active as a homeownership mentor on shows such as 'Passion's World Tour', 'Salaryman Rich TV', and 'Home Economy TV'.
Although he is now a location analysis expert and has helped countless people find their way to home ownership, he experienced a lot of trial and error at first, just like any other person.
The old semi-basement villa in Namyangju that I bought simply because it was cheap was sold at the market price, with only the repair costs blown, as I couldn't find a tenant. In addition, the subscription rights in the local core area didn't increase while I held them, so I only had to pay taxes.
One day, I blew all my deposit and ended up in bed.
On the other hand, the 100 million won Gangnam Bokgeumjari apartments, which everyone was discouraged from moving into because they were called “half-price apartments,” have created a lot of seed money thanks to their excellent location.
Even though it was a half-price apartment where one could not own the land, the jeonse price was higher than the selling price because it was located in Gangnam.
He was finally able to start spreading his wings by using the deposit for the house he had worked hard to secure.
In this way, he experienced the 'miracle of location' by turning his net worth from a mere 30 million won to a whopping 3 billion won in just 10 years after purchasing his first home.
“As I continued to invest, my investments became increasingly narrowed to newly built apartments or ‘places where new construction is planned’ in prime locations in Seoul and the metropolitan area.
“From some point on, ‘location’ became the top priority for me in deciding on investments.”
In this book, the author clearly states that becoming a multi-homeowner is not the only way to climb the wealth ladder.
Anyway, it is a world where it is difficult to buy a lot of real estate due to various regulations.
How can an office worker, toiling away all day at work, manage dozens of accounts? As the number of accounts grows, investing becomes increasingly difficult, mental exhaustion grows, and taxes only increase, ultimately leaving me with less money than I expected.
The author says that if you have a good sense of location, you can live well even if you buy just one house.
If I buy the best item I can afford, the one that won't fall off, I can live comfortably in it, make a profit from the price difference, and with that money, I can move to a more luxurious area and finally settle down in the place of my dreams.
And all of that know-how is revealed in this book.
“If you know the ladder of emergency
“I see the next investment destination!”
From analyzing the market to seizing undervalued opportunities,
A transportation network boom that could explode within 5 years…
People who don't know the location well tend to stay in the same house or move horizontally within the same location, thinking, "How can this place possibly get any better?" when an opportunity comes.
On the other hand, people with a good sense of location do not miss the opportunity to move to more prime locations when the price gap between their area and a more upscale area narrows.
The point here is ‘market price’.
In this book, the author reveals a location analysis method that will help you identify and secure the fastest-growing positions.
This is not simply a matter of using 'intuition' gained through experience, but rather a scientific and systematic analysis based on geographical relationships, price rankings, and transportation networks.
The position is very scientific, there is a reason to go up and a reason to stay the same.
The author has packed the book with techniques for grouping stocks to identify investment areas with available funds and determine which are the best locations, as well as techniques for tracking stocks to identify undervalued areas before others.
You can learn the author's excellent sense of positioning, which has allowed him to secure the fastest-growing spots.
This book is also full of locations that are sure to rise over the next three years due to favorable transportation network conditions.
The transportation network boom mentioned here is not some pipe dream that will only come true in 20 or 30 years.
We have selected influential routes that have already begun construction and are showing promise, and are expected to cause a seismic shift in the price rankings of Seoul and the metropolitan area, and have included only the 'tangible' good news.
Here, we will generously share our unique investment know-how, including how to spot transportation network opportunities before others and when to switch when transportation network opportunities arise.
Raising the wealth class in one fell swoop
A smart, practical strategy for single-home owners to switch homes!
The latest tax-saving strategies since the Yoon Seok-yeol administration
A comprehensive overview of key locations by life cycle
Above all, the highlight of this book is the 'Single Home Owner's Switching Strategy', which the author himself has verified through practical experience.
Ironclad lending regulations and taxes are a persistent obstacle and headache for those who dream of switching.
Because of this, some people give up on switching altogether, while others groan at the unexpected tax bomb they face during the switching process.
In this book, the author has generously included the core know-how of switching experts.
A true expert is not swayed by regulations.
Rather, they actively use the regulations as a springboard to run into the fast lane that others cannot follow.
This book will teach you how to own two homes while remaining tax-free, and how to use tax exemptions to move more smoothly into a higher-class area than others.
In addition, it includes everything from the newly established coexistence rental system under the Yoon Seok-yeol administration to the deregulation policy for first-time homebuyers.
In this book, the author also introduces key locations that are perfect for each person's life cycle, from those just starting out in society, to couples in their 30s who need to secure a home after marriage, to couples in their 40s and 50s raising school-age children, to couples in their 60s and 70s who need to enjoy a comfortable retirement.
It is realistically difficult for a family of 3-4 people who are married and have children to practice 'body tech' in an old, cramped apartment or villa.
But that doesn't mean you have to sigh and give up on changing gears, nor does it mean your entire family has to endure an uncomfortable life.
The author emphasizes that real estate is not only an investment, but above all, a family's treasure trove, and that the family's body and mind should be comfortable.
Therefore, the core locations for each life cycle that Hwolhwol introduces are meticulous 'personalized solutions' that consider the reader's age, family structure, living area, and even the amount of seed money to find 'my own' Gangnam.
Whether you're a homeless person unsure of which home to buy, or a single-home owner wondering where to move to for a successful investment and living experience, this book will help you find your own Gangnam.
Having lived as a 'homeless snail' until she had a child, the author knows better than anyone the heartache and sadness caused by homelessness.
That is why I was able to become a 'homeownership mentor' to 500,000 people by taking on anyone's story as if it were my own, sometimes crying and laughing together, and sometimes giving 'hard-hitting' advice with a cool-headed judgment.
If you've given up on your desire to buy a house because you initially had little money to start with or because house prices have risen too much, it's time to get your mind back on track.
The author's unique sense, gained through his extensive experience of Seoul and the surrounding metropolitan area, will provide those without a home with a first home and those with one home with a roadmap to wealth that will ultimately lead them to Gangnam.
GOODS SPECIFICS
- Publication date: July 11, 2022
- Page count, weight, size: 428 pages | 882g | 152*225*27mm
- ISBN13: 9791130692074
- ISBN10: 1130692078
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