8 Years Into My Housing Subscription Account and I Still Don't Get It
I've just been putting in 100,000 won every month, and I'm not sure if that's the right thing to do. I'm nowhere near winning, and I don't even really know how many points I have.
People around me say I'd be better off doing something else with that money, while others say I should keep it no matter what...
Is just keeping it the answer?
10 answers
For now, keeping it is the answer. Facts.
Calculate your points first. You only need to plug in these three: no-home period + number of dependents + subscription account period. If it's 8 years, your account period score should be close to full marks—so why hadn't you looked into it? lol
Well, that’s a bit much. I don’t get how you’ve never once calculated the points over eight years... If it’s 100,000 won a month, that’s 9.6 million won in principal alone after eight years. Putting money in without even knowing where it goes doesn’t seem quite right.
If it’s 100,000 won each time, that would be a housing subscription savings account. But since those savings accounts are mainly for public housing and supply is limited, these days if you’re aiming to win a private housing subscription, it’s worth considering switching to a deposit account. However, when you switch, your subscription period doesn’t reset—some of it is still recognized—so check with your bank for the exact details.
I'm 12 years in, and to cut to the chase, holding onto it is the right move. I also debated several times whether to cash it out, but if I had and put that money into stocks or crypto, I'd probably regret it even more now lol. With housing subscriptions, the leverage at the moment you win is bigger than with any other product. That said, you absolutely have to plan out your region and special supply strategy.