Buy an apartment in Seoul or the greater Seoul area now.
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Description
Book Introduction
The real estate investment strategy of YouTuber "Ice Factory," who accurately predicted the 2019 and 2021 stock market surges. Supply and demand determine apartment prices, not interest rate hikes or tax bombs! The real estate market, which began to rise in the second half of 2014, has continued its upward trend for eight years. Thanks to this, there are quite a few experts who are predicting a crash, saying, "It has already reached its peak, so buying now would be like catching a top." According to them, the PIR (Price-to-Income Ratio) is at an all-time high, so rising interest rates will increase the burden on borrowers, and there will be a flood of properties that cannot withstand the tax bomb, so it seems that real estate prices will soon crash. The author of this book and real estate YouTuber 'Ice Factory' strongly argues that it is supply and demand, not interest rate hikes or government policies, that determine the direction of the market. Ice Factory is an expert and current investor who accurately predicted the "June/July/August 2021 surge" even in early 2021, when most people believed that housing prices had peaked. He confidently states that apartment prices in Seoul and the metropolitan area still have room to rise, and that they will continue to rise until at least 2024, and barring any major changes, until 2027. The reason is simple. First, supply will be severely insufficient until 2023. Apartment prices are determined based on supply and demand, but there is no supply to support demand in Seoul and the metropolitan area. Second, the monthly rent market is experiencing great turmoil. This is because, due to the government's restrictions on transactions, monthly rents are also skyrocketing following jeonse prices, and demand is expected to surge significantly starting around July 2022, when the right to request contract renewal expires for the first time after the implementation of the three rental laws. When it comes to housing, there are always only two options: buying or renting. Waiting for housing prices to stabilize and continuing to rent or lease will not only result in losing options, but will also be the worst possible choice that will lower the value of your property. Even if the real estate market fluctuates due to various variables, you should buy an apartment in Seoul or the metropolitan area before it is too late to ensure stability. |
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Preview
index
Prologue_ Now is the time to say, "I have to buy it," not "I want to buy it."
PART 1.
How to prepare for the 2022 real estate market?
Chapter 1.
Why Apartments Have Disappeared from the Korean Housing Market
The Three Rental Laws: Countless Government Policies That Block Supply
Subscription: How long are you going to wait and miss out on the opportunity?
The Power of Construction: It's a Big Mistake to See New Apartment Supply as Just That
Chapter 2.
Which is riskier, buying a house or renting a house?
Since the founding of the country, apartment prices have fallen only three times.
The history of apartments repeats itself
Will I be pushed out into a rental or into a home?
Chapter 3.
The first real estate study that every beginner must do
Remember, studying real estate is for buying.
Break free from the illusion that you'll only buy a home once.
Real estate news: Listening to what you want to hear won't lead to good results.
Understanding Government Policy vs. Market Supply and Demand: The Difference
Chapter 4.
Things to consider before going to a real estate agency
Recognize that price is the value recognized by the market.
Choose what you can't give up and what you can tolerate.
A quick sale never waits for me
Let go of your prejudices about markets and brokers.
Chapter 5.
Guidelines for Choosing the Best Location
The first rule of homeownership: "If you have a job and a good place to live, it will go anywhere."
Knowing the best and second-best locations will help you find the right place for you.
If you can't afford a house now, buy one in a better location.
If you're looking for value for money, it's better to go for an apartment that hasn't gone up in price yet.
Chapter 6.
"How Much Is Best?" Guidelines for Determining Pricing
Look at Hogangnono and Naver Real Estate at the same time.
"How much should I borrow?" You know the answer.
Let's put aside the excuse of "I don't have money."
Don't mistake a bargain for a quick sale.
Chapter 7.
"Which item is best?" Guidelines for securing items
Compare: The Easiest Tip for Finding a Less Priced Apartment
The only criteria for present value vs. future value are my knowledge and confidence.
Even good news is valuable only when you knock on the door and seize it first.
Buy what you can afford
PART 2.
So where should you buy?
Chapter 1.
seoul
Sindang-dong, Jung-gu, the heart of Seoul: Demand is growing, but there are no apartments!
Seongsu-dong, Seongdong-gu, one of the few forested areas in Seoul with convenient transportation! What happens if the Seongsu Strategic Redevelopment Plan is realized?
Gangdong-gu Myeongil-dong: The neighborhood has been transformed by reconstruction! The remaining redevelopment project is another boon!
Nowon-gu Junggye-dong_Boasting the largest academy district in Gangbuk, what if a light rail line is built during the Sanggye redevelopment?
Sanggye-dong, Nowon-gu - The best value under Seoul's sky! Expect stable price increases.
Wolgye-dong, Nowon-gu: The area surrounding Kwangwoon University Station will benefit the most from the windfall. The commercial district will also improve the residential environment.
Jeonong-dong, Dongdaemun-gu: What's the big deal about the Cheongnyangni Station development? The more you live in this area, the better it gets.
Eunpyeong New Town in Eunpyeong-gu: Stable residential facilities and infrastructure on a large-scale residential site… Price increases expected.
Seodaemun-gu Gajaeul New Town_Commercial, educational, and environmentally friendly!
Sangam-dong, Mapo-gu: Traffic problems resolved after the opening of the World Cup Bridge, and the residential environment improved, leaving ample room for growth.
Gaebong-dong, Guro-gu_It's in Seoul, but it hasn't risen yet!
Gocheok-dong, Guro-gu: Poor transportation but good infrastructure! Inseoul apartments for real-demand buyers.
A prime location in Seoul with access to the excellent infrastructure of Yangcheon-gu, Sinjeong-dong and Mokdong.
Yeongdeungpo-gu's Singil-dong and Yeouido are still enjoying the benefits of the opening of the Shin Ansan Line as alternative residential areas.
Dongjak-gu Noryangjin-dong_Double Station area is also a key area that will be transformed through redevelopment.
Siheung-dong, Geumcheon-gu: Let's forget the Geumcheon-gu of the past! Prices are steadily rising due to job and new construction demand.
Chapter 2.
Gyeonggi/Incheon
Namyangju City Dasan New Town: The convenience of a new town + the impending opening of Line 8
Haengsin-dong, Goyang-si: Haengsin Station, home to the KTX, is experiencing growing demand due to high resident satisfaction.
Ilsanseo-gu, Goyang City: The green spaces and natural environment are superb! The commercial and school districts are also great, making it a great place to live!
Gochon-eup, Gimpo-si_Closer to Seoul than Gimpo, so there is still plenty of room for growth!
Gyesan Residential District in Gyeyang-gu, Incheon_A beneficiary of the 3rd new city and an emerging bedroom town in Seoul!
Sangdong, Bucheon-si_Commuting is easy via Line 7, and the city's prime location offers high resident satisfaction.
Jeongwang-dong, Siheung City: A recommended home for ordinary citizens! Transportation, schools, jobs, and even new city infrastructure!
Anyang City Pyeongchon New Town_A core area of Anyang City with 100% scores in both education and environment, and even jobs.
Sanbon New Town, Gunpo City - Great value for money! Residential area near Sanbon Station.
Seongnam-si, Bundang-gu, Jeongja-dong_Gangnam's #1 alternative location, once again undergoing remodeling!
Suji-gu, Yongin-si: A place that best utilizes the strengths of the Shinbundang Line, boasting strengths in both education and convenience facilities.
Suwon City's Gwanggyo New Town: A representative new town success story! The value of the Shinbundang Line continues to rise.
Chapter 3.
Fast and safe subscription for new apartments, redevelopment, and reconstruction
Nowon-gu Sanggye Public Housing Apartment: Transformed into a representative new apartment complex in Gangbuk, creating synergy with the Changdong development.
Gayang-dong, Gangseo-gu, re-evaluated as part of Line 9 and Magok District, also has potential for redevelopment.
Haan-dong, Gwangmyeong-si, the backwater of Gasan and Guro Digital Complex, is a boon for redevelopment that will one day be realized.
Sanggye New Town in Nowon-gu: A great value option near Danggogae Station.
Eunpyeong-gu's Susuk-Jeungsan New Town is a prime residential area behind Sangam DMC and boasts excellent accessibility to Seoul.
Gwangmyeong New Town, Gwangmyeong City: Self-proclaimed and known by others as "Seoul's 26th District," a rare and promising area.
Detailed image
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Into the book
It's safe to say that there is no perfect time to buy an apartment.
The more you live there, the more you have no choice but to live in a rising market.
Even in the past, when rising rents were causing extreme stress, many homeless people managed to buy their first home.
Only after having no choice but to buy a house did I come to realize the various meanings that an apartment space can offer.
In reality, apartments in Korea not only have value as places to live, but also play a significant role in protecting assets.
Utilizing this is the basics of financial management, which is called protecting what you have.
*
The government cannot build houses and provide them to all tenants.
In fact, 80% of the demand for rental housing is handled by the private sector.
As a result, if someone buys a house and doesn't give them a deposit, the tenants will suffer and the deposit will go up.
The current real estate market is structured in a way that makes it difficult for multiple homeowners to mass-produce multiple homeowners due to various regulatory measures.
This means that it is difficult to provide a sufficient amount of inventory to those who want to rent.
In the future, rent prices will inevitably rise.
As the supply of new apartments decreases and the number of apartments for sale decreases, tenants who want to move into their own homes will not even have a place to live.
If the market continues like this, there is a very high possibility that a real bull market will unfold, with both rental and sale prices rising simultaneously.
*
I believe it is nearly impossible for the government to acknowledge the failure of existing policies and implement new ones.
Without a change in government policy, it will be difficult to lift the ban on multiple-home owners and stabilize the rental market.
From 2024, people will be able to adapt to the three rental laws and accept this cycle to create their own atmosphere.
But until then, we can only expect uncertainty and continued upward movement in the rental market.
Personally, I believe the earliest we can expect stabilization in the current real estate market is 2024, and if it's reasonable, it's after 2027.
Until then, we will maintain the current state by repeating ups and downs.
In the meantime, it is impossible to predict how much the rental and sale prices will rise.
*
Real estate news needs to be 'balanced'.
If there is an article saying it is going up, you should also read an article saying it is going down.
If there is an article about a surge in unsold apartments, you should also look at articles that check the apartment sale price and competition rate.
It is also important to check the color of the news channel you are watching.
As a simple viewer, it is easy to get caught up in the tone of the news.
If it's difficult to determine the intent behind a diagnosis of a problem and its cause, you may need to watch multiple news channels on the same topic to hear different perspectives.
The more you live there, the more you have no choice but to live in a rising market.
Even in the past, when rising rents were causing extreme stress, many homeless people managed to buy their first home.
Only after having no choice but to buy a house did I come to realize the various meanings that an apartment space can offer.
In reality, apartments in Korea not only have value as places to live, but also play a significant role in protecting assets.
Utilizing this is the basics of financial management, which is called protecting what you have.
*
The government cannot build houses and provide them to all tenants.
In fact, 80% of the demand for rental housing is handled by the private sector.
As a result, if someone buys a house and doesn't give them a deposit, the tenants will suffer and the deposit will go up.
The current real estate market is structured in a way that makes it difficult for multiple homeowners to mass-produce multiple homeowners due to various regulatory measures.
This means that it is difficult to provide a sufficient amount of inventory to those who want to rent.
In the future, rent prices will inevitably rise.
As the supply of new apartments decreases and the number of apartments for sale decreases, tenants who want to move into their own homes will not even have a place to live.
If the market continues like this, there is a very high possibility that a real bull market will unfold, with both rental and sale prices rising simultaneously.
*
I believe it is nearly impossible for the government to acknowledge the failure of existing policies and implement new ones.
Without a change in government policy, it will be difficult to lift the ban on multiple-home owners and stabilize the rental market.
From 2024, people will be able to adapt to the three rental laws and accept this cycle to create their own atmosphere.
But until then, we can only expect uncertainty and continued upward movement in the rental market.
Personally, I believe the earliest we can expect stabilization in the current real estate market is 2024, and if it's reasonable, it's after 2027.
Until then, we will maintain the current state by repeating ups and downs.
In the meantime, it is impossible to predict how much the rental and sale prices will rise.
*
Real estate news needs to be 'balanced'.
If there is an article saying it is going up, you should also read an article saying it is going down.
If there is an article about a surge in unsold apartments, you should also look at articles that check the apartment sale price and competition rate.
It is also important to check the color of the news channel you are watching.
As a simple viewer, it is easy to get caught up in the tone of the news.
If it's difficult to determine the intent behind a diagnosis of a problem and its cause, you may need to watch multiple news channels on the same topic to hear different perspectives.
--- From the text
Publisher's Review
Don't be fooled by the dazzling news. Look at the real data! Look at the real situation!
While others are hesitating, now is the last chance to buy an apartment in Seoul and the metropolitan area!
The real estate market is currently abuzz with talk of a decline.
The Deputy Prime Minister for Economic Affairs repeatedly states that “the real estate market has entered a downward stabilization phase,” and the Minister of Land, Infrastructure and Transport says that “the supply of housing has expanded to the point where supply is becoming a concern.”
Should we just wait for housing prices to stabilize?
Since 2017, the government has been saying the same thing: “The era of making money from real estate is over.
“The price will stabilize soon, so please refrain from excessive chasing,” he said, parroting.
However, real estate prices have skyrocketed, and those who believed the government's words and waited have become destitute and are increasingly pushed further out to the outskirts, leaving them without a single day of peace due to housing insecurity.
The author of this book, Ice Factory, says that we should no longer be fooled by deceptive news and should look at the real situation.
It is dangerous to judge the market by only hearing the news you want to hear according to your own situation.
To look at the market objectively, we need to consider the basis of the claims, whether the basis is correct, and what the atmosphere on the ground is like.
Ice Factory is a real estate investor who has been in the field for a long time and has experienced the ups and downs of the real estate market.
He emphasizes that when the market is in turmoil, we must listen to the voices on the ground.
This book contains the real estate market trends and practical investment know-how gained through years of direct experience.
At least until 2024, and if there are no major variables, it will rise until 2027!
We'll tell you where and how to buy an apartment in Seoul and the metropolitan area right now!
The ice factory clearly states without hesitation that it will rise at least until 2024, and barring any major changes, until 2027.
There are two main reasons why we can be so confident.
The first reason is that there will be a severe shortage of supply from 2022 to 2023.
The interest rate hikes that many experts say will trigger a decline have no proportional relationship with the decline in real estate prices, as data from the past several decades has already confirmed, as supply and demand actually determine real estate prices.
If there is more supply than demand, prices go down, and if there is more demand than supply, prices go up.
However, the supply is so low that it will be difficult to even meet basic demand in Seoul and the metropolitan area until 2023.
The second reason is that the current monthly rent market is in great turmoil.
Since August 2017, regulations on multiple homeowners have been continuously expanded under the pretext of forcing them to put their homes on the market.
The rental market shrank significantly as attempts to regulate multiple homeowners who provide jeonse or monthly rent were made, and the jeonse and monthly rent prices soared significantly as the number of rental properties dried up due to the contract renewal claim system implemented in July 2020.
These days, it's more unstable than ever to be a renter.
Just a few years ago, buying a home, renting, or taking a jeonse (long-term lease) option was a viable option, but now is the time to buy a home to avoid the worst.
Variables in the real estate market, such as interest rates, taxes, and policies, have always existed.
To avoid being swayed by such market variables, you should aim for apartments in Seoul and the metropolitan area, where demand is steady and stable.
This book reveals in detail where and what kind of apartment you should buy in Seoul or the metropolitan area.
Pick out apartments by region/good news
A homeownership strategy that simultaneously accommodates both living and investing is revealed!
The author was not a real estate expert from the beginning.
I started with auctions, gradually learned the language of the field, and repeated the life of waking up at 5 a.m. to go to the field.
Thanks to this, I am well aware of the age of apartments in Seoul and the metropolitan area, as well as transportation, amenities, past price fluctuations, and future prospects.
Based on information the author has gathered through dozens of trips, he carefully selects and introduces apartments in Seoul and the metropolitan area that people without homes can purchase right now.
It contains detailed information on the characteristics of the area, recommended apartments nearby, the pros and cons of the complex, future benefits, transportation and living infrastructure, and even the market price of the recommended complex.
Beyond understanding real estate trends, we reveal a homeownership strategy that simultaneously kills two birds with one stone: living in the home and investing, so you can participate in the market right away.
While others are hesitating, now is the last chance to buy an apartment in Seoul and the metropolitan area!
The real estate market is currently abuzz with talk of a decline.
The Deputy Prime Minister for Economic Affairs repeatedly states that “the real estate market has entered a downward stabilization phase,” and the Minister of Land, Infrastructure and Transport says that “the supply of housing has expanded to the point where supply is becoming a concern.”
Should we just wait for housing prices to stabilize?
Since 2017, the government has been saying the same thing: “The era of making money from real estate is over.
“The price will stabilize soon, so please refrain from excessive chasing,” he said, parroting.
However, real estate prices have skyrocketed, and those who believed the government's words and waited have become destitute and are increasingly pushed further out to the outskirts, leaving them without a single day of peace due to housing insecurity.
The author of this book, Ice Factory, says that we should no longer be fooled by deceptive news and should look at the real situation.
It is dangerous to judge the market by only hearing the news you want to hear according to your own situation.
To look at the market objectively, we need to consider the basis of the claims, whether the basis is correct, and what the atmosphere on the ground is like.
Ice Factory is a real estate investor who has been in the field for a long time and has experienced the ups and downs of the real estate market.
He emphasizes that when the market is in turmoil, we must listen to the voices on the ground.
This book contains the real estate market trends and practical investment know-how gained through years of direct experience.
At least until 2024, and if there are no major variables, it will rise until 2027!
We'll tell you where and how to buy an apartment in Seoul and the metropolitan area right now!
The ice factory clearly states without hesitation that it will rise at least until 2024, and barring any major changes, until 2027.
There are two main reasons why we can be so confident.
The first reason is that there will be a severe shortage of supply from 2022 to 2023.
The interest rate hikes that many experts say will trigger a decline have no proportional relationship with the decline in real estate prices, as data from the past several decades has already confirmed, as supply and demand actually determine real estate prices.
If there is more supply than demand, prices go down, and if there is more demand than supply, prices go up.
However, the supply is so low that it will be difficult to even meet basic demand in Seoul and the metropolitan area until 2023.
The second reason is that the current monthly rent market is in great turmoil.
Since August 2017, regulations on multiple homeowners have been continuously expanded under the pretext of forcing them to put their homes on the market.
The rental market shrank significantly as attempts to regulate multiple homeowners who provide jeonse or monthly rent were made, and the jeonse and monthly rent prices soared significantly as the number of rental properties dried up due to the contract renewal claim system implemented in July 2020.
These days, it's more unstable than ever to be a renter.
Just a few years ago, buying a home, renting, or taking a jeonse (long-term lease) option was a viable option, but now is the time to buy a home to avoid the worst.
Variables in the real estate market, such as interest rates, taxes, and policies, have always existed.
To avoid being swayed by such market variables, you should aim for apartments in Seoul and the metropolitan area, where demand is steady and stable.
This book reveals in detail where and what kind of apartment you should buy in Seoul or the metropolitan area.
Pick out apartments by region/good news
A homeownership strategy that simultaneously accommodates both living and investing is revealed!
The author was not a real estate expert from the beginning.
I started with auctions, gradually learned the language of the field, and repeated the life of waking up at 5 a.m. to go to the field.
Thanks to this, I am well aware of the age of apartments in Seoul and the metropolitan area, as well as transportation, amenities, past price fluctuations, and future prospects.
Based on information the author has gathered through dozens of trips, he carefully selects and introduces apartments in Seoul and the metropolitan area that people without homes can purchase right now.
It contains detailed information on the characteristics of the area, recommended apartments nearby, the pros and cons of the complex, future benefits, transportation and living infrastructure, and even the market price of the recommended complex.
Beyond understanding real estate trends, we reveal a homeownership strategy that simultaneously kills two birds with one stone: living in the home and investing, so you can participate in the market right away.
GOODS SPECIFICS
- Publication date: February 16, 2022
- Page count, weight, size: 392 pages | 716g | 152*225*30mm
- ISBN13: 9788960305939
- ISBN10: 8960305936
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