[170523] 치솟는 전세값

In Korea, there is a form of housing rentals called jeonse.

Instead of paying a monthly rent, the tenant pays a large rental deposit all at once.

The landlord can collect the interest from the deposit.

A typical jeonse lease lasts for two years.

When the lease is up, the tenant gets the money back.

This rental system was popular when the interest rate was high.

These days, however, monthly rentals are becoming more common.

Who more before them because interests rate so long. 

-> Homeowners prefer them because interest rats are low.

Rental fees are becoming very expensive on the whole.

This is a major financial burden for the middle class and low-income families.

Housing loans take up a large BOSCH nup? house all that which is the all the time high.

-> Housing loans take up a large portion of household debt, which is at an all-time high.