Let me and a neighbor show you the million dollar apartment I’ve been living in for most of the last 2 months in a new suburb of Seoul called Gwanggyo (광교 수원시). This is the type of apartment and neighborhood that a “Samsung man” and his family might live in because it’s new, nice, and close to Seoul. Neighborhoods like this are unlike anything you’ll see in the U.S. We also discuss some of the interesting things about buying/renting real estate in Korea.
1:30 Talking about the neighborhood (Gwanggyo)
3:31 Entering the apartment (since the elevator took longer than usual)
6:26 Housing Bubble
As you can see, there’s a bit of a housing bubble going on, though it’s cooled down a bit with the recent economic sluggishness.
Although this video talks about the neighborhood, I’ll make another video focusing more on the neighborhood itself because I think it’s very interesting as an American since neighborhoods like this don’t exist in the U.S.
Just to be clear, I did not purchase this apartment. I was simply subletting a room in it for ~$13/night.
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