Korea is a modern country. It rawks in many ways. The food is amazing if you like spicy. The food and the drink is dirt cheap if you like spicy and hang overs. Love motels only cost $50 a night and some of them are nicer than Beverly Hills hotels. Most aren't.
But the real estate sucks.
Real estate in Korea is really tricky. First of all, even if you have a lot of money, Korea doesn't have a lot of space. It's the country with the highest percentage of uninhabitable land. 70% of Korea is steep rugged mountains. It's perfect if you're going to do a mediation sabatical and reach enlightenment while you're at it. But for most people, it sucks. Everyone has to live in an apartment unless unless you're ok with commuting 3 hours to get to the city.
By city, I mean Seoul, Busan, or Dae Gu.
There are no houses with front or back yards in the middle of the city in Korea's major cities. Actually, I lied. But they cost more than a house on the beach in Malibu. If you have that much money, just buy a house on the beach in Malibu.
So now that you know the ropes, these are the 10 Secrets Foreigners Never Know about Real Estate in Korea.
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