Amenities

Safety Security cameras Security guard

EBS Docuprime: Apartment Addiction (Video Unavailable)

Too commoditized Lack of having responsibility as homeowner Financial gain vs. community development October 2000: National Apartments Community Movements Not successful

“Republic of Apartment Complexes” Secluded society Everything is within the complex People feel no need to interact Too much privacy Higher walls Keeping non-residents out of the complex

Lack of courtesy Lack of communication among neighbors

 Why does this happen? o Falling house prices because of economy o Owners want monthly rent o However, monthly rent is too overwhelming for the renters o Therefore people prefer annual rent o Also, lots of homeowners rent out apartments with mortgage loans

 What is the consequence? o Imbalance between supply and demand  The annual and monthly rents continuously increase o Even if the supply increases, the owners then change the payment method to monthly rent

 What is it? o Owns a house but has lots of loans or the price of the house has decreased

1. Stable life Not moving every 2-3 years Children’s education 2. Increasing rental deposit ( 전세값 ) 3. Pressure from house owners 4. Residential mortgage loan

Is the apartment utopia or distopia? What does apartment mean to you? Is it necessary to own a house?