I just came to do the math... I was shocked by the price...

Christa 2022-04-20 09:02:30

In the 1970s, both Japan and South Korea experienced a boom in real estate speculation. Many people have heard the story of Japan. It is said that the man who had a lot of money in his hand threatened to buy New York.

It can be seen from this that the same was true in Korea in the late 1970s. Busan is a large coastal city and the second largest city in South Korea. It can be said that the status in South Korea is no less than that of our Beishangguang. It was also the venue for the later Asian Games.

I couldn't find the exchange rate between the Korean won and the RMB in 1978, but I found that in about 1991, it was 100 Korean won to 7 cents, and now, it is 5 cents and 7 cents. At that time, many Koreans liked to come to China to open factories and small businesses, because according to the exchange rate and prices at that time, China was really cheap. Now, as our costs are getting higher and higher, Korean companies are the ones who are fleeing the most.


At that time, the male protagonist was in a profession that other lawyers did not like. The little lawyer who was introduced used to have a monthly salary of 30W (RMB1w7 in that year), and he should also belong to a newcomer in the legal industry.

In that big apartment, the house 803 downstairs and the 1003 I want to buy are the same since the house numbers are similar. Only 2000W (RMB1114w at that time), or sea view room, super big. That is to say, when the real estate speculation is hot, the wages without food and drink can be afforded in 70 months. About 6 years.

In terms of current income, the relatively low salary of newcomers is also around 130W. The newcomers who are better mixed are 200W, which is about 1W1 RMB, and the skilled workers are about 2W.

It is said that the current housing price is 3W RMB per flat (one flat in South Korea is equivalent to our 3.2 flat), and buying a house with 90 Chinese flat is only 90W RMB (about 150 million Korean won).

According to the 200W salary level, 57 months of salary will be paid. Can it be understood that, compared with the Fourth Ring Road in Beijing, the housing price of more than 40,000 yuan is around 300W for 90 square meters. Children who have just graduated should have a monthly salary of 3-5W in line with our prices and housing prices? In other words, based on the current salary of graduates in Beijing, 3-5,000, is it reasonable that the total real estate price should be between 17W-25W? !

The population density of Seoul, Busan, South Korea is not much lower than our Beishangguang.
Well, even if their produce, meat and fruits are super expensive, let's make a discount.

Newcomers 1W--2W5, the house price is 34--50W. Second- and third-tier cities are slightly lower by two to three percent and so on.

If this speculation is unreasonable, then it is estimated that our currency has depreciated super, hehe.

BTW, according to the understanding of Koreans, those days belonged to black history and were in dire straits. Later, the Korean won also experienced depreciation.

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The Attorney quotes

  • Choi Soon-ae: Old debts are settled by face, not money.

  • Jin-woo: You can throw dozens of eggs, but it can't hurt a boulder... As weak as eggs are, they are still living things... Boulders will break into dust, but eggs will hatch with life.