Jisuk Jin shares his story of real estate failures worth tens of billions after giving rent to a tenant in a Cheongdam APT..
Broadcaster Jisuk Jin candidly shared his 'tens of billions real estate failure story'. His bittersweet real estate saga, from a Cheongdam APT. to land in Paju, caught the viewers' attention.
On the 24th, during the broadcast of MBC's entertainment program 'Save Me! Homes', Jisuk Jin appeared as a special coordinator and revealed the story of '13 moves and a tens of billions opportunity cut-off'.
He said, "I don't watch variety shows that I'm not in," predicting his unique candid talk, and then he immediately shared his real estate stories. Jisuk Jin revealed, "It all started in 1999 right after the IMF when I rented a new APT. in Seongsan for 88 million won." At that time, the Seongsan APT. was worth 120 million won and is currently in the process of reconstruction, jumping in market price to 1 billion won.
After that, he headed to Ilsan. "I rented an APT. in Ilsan for 120 million won, and then bought the first property worth 200 million won. There was a 320 million won APT. in Pungdong, but I couldn't get in at that time," he said, adding, "Looking back now, it's so regrettable." He also shared that he purchased land in Paju, thinking, "It would be a jackpot when unification happens, but I'm still just paying taxes," conveying the bittersweet reality.
The most shocking failure story was about the 'Cheongdam APT..' Jisuk Jin recalled, "With renewed determination, I ventured into Gangnam and bought a Cheongdam APT., but the tenant was a madam. I thought she was a successful businesswoman because she was in her 20s. However, the broker said she was a 'madam.'" After Kim Sooyoung exposed that "the house turned yellow due to smoking," Jisuk Jin awkwardly responded, "That's a tough thing to say."
Ultimately, he sold that Cheongdam APT. for 590 million won and let it go; a few years later, the market price soared to 3 billion won. Jisuk Jin reminisced bitterly, "In 2015, an employee from Samsung Research wanted to buy it and asked me to put all the houses on the market, so I sold it, but looking back now, those houses are all regrettable," and added, "I lost contact with that person afterward. The atmosphere was like that at the time."
However, he is currently satisfied. In fact, Jisuk Jin is known to own a large residence boasting a Han River view in Jamwon-dong, a wealthy area in Seoul, and is residing there. He said, "I really like living in Jamwon-dong now. So I am satisfied now," and added, "I revealed too much today," unable to hide his embarrassment. He then broke into laughter, pretending to cry.
At the end of the show, he revisited Seongsan-dong, where his first newlywed home was. Looking at the newly remodeled interior, he said, "The structure is the same. It brings back memories of the early days of my marriage," as he reminisced with a sense of nostalgia. Though he lost tens of billions, Jisuk Jin's real estate journey brought both laughter and interest.
[Photo source] 'Save Me! Homes'
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