Home Price Gains Forecast for Seoul and Gyeonggi; Warning of "One Good House" Strategy and a "Hell"-Like Rent Market

He stressed that in Gyeonggi-do in particular, choosing the area carefully matters. He said outer areas such as Songdo and Cheongna are also rising, but only slightly, and that areas in Gyeonggi close to Seoul will rise more.

He went further, suggesting that returns can differ greatly depending on which area is chosen, and urged a careful approach.

He analyzed that because the government and central bank are moving to pour money into the market, asset prices will inevitably rise.

He added that as long as this policy stance continues, upward pressure on property prices will persist.

Tiger gave a clear strategy on when to buy or sell. He advised that buying is right if you plan to sell your current home and move to a better area, or if you plan to enter a redevelopment area and endure by renting in the meantime. He stressed that in those cases you must move up to a better area than where you are now.

By contrast, if you bought with full leverage and cannot obtain additional leverage, making a move up impossible, he said you must "hold" no matter what. In that situation, he advised focusing on actively repaying mortgage loans until the point where leverage can be used again. On selling, he also stressed the need for a clear direction, such as whether to sell and pass the home on to children or to find a stable place to live, and warned against buying and selling carelessly.

He warned that the current real estate market has very sharp short-term price swings, so a wrong judgment can lead to large losses. He pointed out that if you sell your assets the wrong way, you may fail to find an alternative and miss an opportunity.

Therefore, when making buy or sell decisions, he stressed that a successful transaction is possible only if you set a clear plan that can lead directly into your next move as soon as you sell your asset.

Comparing it to orange juice, he explained that where one orange once made a glass of juice, now five or six oranges must be squeezed in, so the juice has become much more concentrated.

He stressed that this means finding and owning a "one good house" requires far more effort and care than before, and that the difficulty of the market is rising sharply.

He pointed out that discussions about shifting management of jeonse deposits to trust companies could lead to a result that wipes out the jeonse system itself.

Going further, he warned that if the state reforms the "2+2+2 jeonse system," a situation will arise in which people cannot get into their own homes, and that only "murderous" monthly rents will remain in the rental market. He said that if landlords collect around 7 million won in rent per month, they can pay the comprehensive real estate tax and holding taxes and still come out ahead, implying that this is favorable to homeowners but a huge burden on tenants.

Tiger warned that if people cannot bear the future "murderous" rents, they will be pushed into poor living conditions like goshiwon (small studio rooms). He compared it to a "prison," saying people will have to pay 800,000 to 1 million won a month for a space of one to two pyeong (roughly 3 to 6 square meters).

This dramatically shows the bleak reality awaiting those who do not own a home, and reemphasizes the need to secure housing.

Combined with the phenomenon of "murderous" rents, he suggested this will benefit homeowners but make things even harder for those who do not own.

He emphasized that his claims are real and stressed the urgency of securing a home to live in.

He explained the reality of soaring rents using concrete rent price examples in Gwanak-gu, Seoul. He said Gwanak Dream Town 5-danji currently has a deposit of 70 million won with rent of about 2 million won, and that raising the deposit to 300 million won lowers the rent to 1.2 million won.

This was presented as an example showing that considerable rent burdens already exist even in outer Seoul areas such as Gwanak-gu.

This case was used as evidence that for new apartments too, the relationship between deposit and rent still shows high rent burdens.

He added that the Boramae SK View apartment currently has no rental listings at all.

This case shows that rental listings are scarce and priced high in other parts of Seoul, emphasizing the overall difficulty of the rental market.

This shows that substantial rent costs arise not only for new apartments but even for older ones, and was presented as evidence supporting the rising rent trend across Seoul.

He pointed out that even when using a jeonse loan, the actual housing cost burden is very heavy. If you borrow 200 million won in a jeonse loan, you must pay roughly 600,000 to 1 million won a month in interest; adding rent on top, he said you must pay a total of 2.6 million won.

Adding 300,000 won in maintenance fees, he explained that about 3 million won a month disappears into housing costs, stressing that jeonse loans do not fully solve the burden of rent.

He strongly described the reality of the current rental market as "hell" rather than merely "harsh," and stressed that people must secure a home to live in without fail. He predicted that rental listings will gradually disappear over time, that "hell" will begin in the rental market, and that its end will be a "soaring" of prices.

He therefore argued that the only solution for tenants to avoid this hell-like situation is to buy a home to live in right now.

He argued that political colors are not important at all, and that people should focus only on what makes money.

This remark came in the context of emphasizing that rather than being trapped in political frames, it is important to analyze the real estate market coolly and pursue personal economic gain.

Tiger said he supports the government but does not support any particular individual. He said in particular that he does not support the "corrupt officials" who blind and deafen the president. He criticized them for owning homes in Gangnam while telling citizens to buy buses or keep moving into youth rental housing, without offering practical solutions. This remark is interpreted as a message that, while viewing government policy critically, individuals must find ways to earn money themselves within the environment they are given.