‘The problem son of the rooftop room’
Korea’s Warren Buffett John Lee and rich sister Yoo Su-jin appear
“Korean real estate failure? Optical illusion effect”
John Lee and Yoo Su-jin appearing in’The Problem Son of the Rooftop Room’ / Photo = KBS2 capture
There is a new coined word for’young-keul’. It means getting a loan with so-called souls, buying a home or investing in stocks. Regarding this, John Lee, CEO of Meritz Asset Management and Su-jin Yoo, the’rich sister’, emphasized that you should never do real estate’Young Kul’.
Jon Lee, who appeared in KBS2’s’Troublesome Son of the Rooftop Room’ aired on the 5th, asked a question about FOMO syndrome, “There are many people who take the money they don’t have and post it on Instagram. Don’t be envious of others doing that.” Explained.
Formo’s syndrome is said to require a vigilant attitude as you can make impulsive investments while holding on to debts that you cannot afford due to anxiety.
Yoo Su-jin “I wish I could make a money calendar. I write down how much I’m going to spend on Mother’s Day in May, write down the amount I’m spending, and plan in advance how to raise the money. If I spend a lot of money, I don’t have a flat cost of living.”
John Lee advised, “What surprised me in Korea is that I don’t know my finances well. I need to check my finances and health.”
“Be sure to write it down with a pencil, add the list of amount, stocks, funds, and debts to a bank, and subtract total debt from total assets, and you will get my wealth. Many people are negative. You have to check every six months to get a good record. Without it, confusion comes,” he added.
Song Eun-i said, “These days, young people buy houses by doing’young people’.” In response, Jonli said, “Never.”
“I bought a 50 pyeong house, but even after 20 years, it does not become 1000 pyeong. The house is old and needs maintenance costs again. The stock investment that can make a profit is a gain.”
Jonli pointed out the lack of financial knowledge of Koreans and said, “The biggest risk in Korea is that 80% of the property is the proportion of housing. When the price of the house falls, it is bankruptcy. You can’t give up. You’re not ready to retire after paying your loan for life.” said.
Yoo Su-jin explained, “(If you buy a house), you lose your opportunity cost, so you buy a monthly rent when investing in stocks, and if you invest in stocks with that money, your profits remain after paying rent.”
However, Koreans believe that the sense of security gained through a home is as valuable as generating profits. Yoo Su-jin said, “When the Japanese bubble economy collapsed, many people became poverty. There is a possibility in Korea. People think that’Korean real estate is invincible.’ There are certainly fluctuations and fluctuations. In a long-term comparison, stock returns are higher than real estate. It is higher. Real estate is only an optical illusion that the unit of money looks higher in size,” he analyzed.
Reporter Kim Ye-rang [email protected]
Ⓒ Hankyung.com prohibits unauthorized reproduction and redistribution