Tuesday, February 06, 2007

A Room of One's Own

In some area's of Seoul, building codes allow for apartments to stand for only twenty years. Then the developers must buy out people who own an apartment for the current value of the land.

Sounds like a good deal for the owners.
Except there is a extensive waiting lottery list that you have to get on before you can buy, and then priority is given to families. Another reason to get shacked-up early.

Given the condition of our apartment, I think that it's just about time for the wrecking ball.

We live only blocks away from these apartments going up near Olympic Park. It's only when you see places like these that you can really feel the uneven distribution of wealth.



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