Should I Keep Paying Into This Housing Subscription Account?
I’ve been putting in 100,000 won every month for 8 years, but the account keeps losing value in real terms. As a savings vehicle, it’s effectively a deposit with almost no interest.
It’s hard for me to win, and I’m not sure it makes sense to just leave the money I’ve paid in tied up. Are you all still contributing?
In the end, places in Seoul worth applying for are hard to win, and even if I win in the provinces, there’s no reason to go. From the perspective of someone in this ambiguous position, I wonder whether continuing to pay in is the right move.
9 answers
Agreed — I put money in every month too and wonder if this is the right move.
Wait, 100,000 won a month for 8 years is 9.6 million won—if you cancel it, don't you just get that back in cash? What did you mean by losing the principal? Wasn't the principal in a subscription savings account supposed to stay intact?