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by maeil 886 days ago
> So I've got to prove I make $70k a year, and then put down a $7500 deposit on a small apartment that costs me $1800 a month

Nice, <5 years old, fully furnished, two-bed room apartments in central, well-connected areas of Seoul are <$1000 per month.

And that's places that are suitable for 2 people to live in - the large majority of digital nomads live on their own, in which case it's even cheaper.

2 comments

You must be aware of a different Seoul then I am. I've looked at moving there and asked my Korean friends. "Fully furnished, two-bed room apartments in central, well-connected areas of Seoul are <$1000 per month" does not jibe with anything I have seen, ever. Please send me the property link because I'm obviously looking in the wrong place.
I've replied to the person below you with links: https://news.ycombinator.com/item?id=39026946

The last one is 2 bedrooms for about $1000/month, fully furnished. Sure, it's stretching it, but a world of difference with your claim of $1800 for a small apartment in the context of digital nomads.

As someone who tried to find a suitable sub-$1000 rent in Seoul, I call your claim. Maybe you can provide online listings to counter?
Sure, as I live in such a place myself, and I got the contract last year. Since then housing prices have fallen in Seoul.

- Random building here https://fin.land.naver.com/articles/2402864693 Last March, 2 contracts at 2,000/63 and 2,000/80 respectively.

Still too high of a deposit? https://fin.land.naver.com/articles/2402982978 @ 1,000/90, building is less than 2 years old.

Need 2 bedrooms? Here: https://fin.land.naver.com/articles/2356138769