Not even lottery jackpots are enough to buy apartments in Seoul - The Korea Times
www.koreatimes.co.kr
Cho Soo-chul, a Seoul tenant in his 40s, has been buying lottery tickets for years with the hope of winning enough money to buy a home, a goal he f...

jackpots in 2025 averaged 2.06 billion won ($1.41 million), which falls to 1.4 billion won once taxes are deducted.

That after-tax amount is below the average price of an apartment in Seoul, which was 1.5 billion won in December 2025, according to separate data compiled by KB Land, the property data tracker of KB Kookmin Bank.

  • fatcatEnglish
    38·
    vor 3 Monaten

    I think saving up 1,5 billion with a normal job is not… realistic. At that point winning the lottery is the more realistic chance, as crazy as it sounds.

    • sepiroth154@feddit.nlEnglish
      216·
      vor 3 Monaten

      Yeah but at least you end up with more money to live somewhere affordable…

          • a4ng3l@lemmy.worldEnglish
            11·
            vor 3 Monaten

            Nothing like the perspective of getting milked forever… building someone else’s capital while tumbling towards old age. I say let them buy some hope…

            • sepiroth154@feddit.nlEnglish
              25·
              vor 3 Monaten

              You are just filling another scammer’s pockets. At least you get a roof above your head out of one of them.

                • sepiroth154@feddit.nlEnglish
                  15·
                  vor 3 Monaten

                  Just because you can afford it, it doesn’t make it a good financial decision to buy a lottery ticket.

                  • a4ng3l@lemmy.worldEnglish
                    4·
                    vor 3 Monaten

                    Not everything in life needs to be a « good » financial decision… when it’s financially inconsequential while bringing pleasure it’s fair enough. Same for a lot of things that brings you pleasure. Unless you indulge in absolutely nothing your stance is quite hypocritical.

                    And if you indulge in nothing maybe consider the experience.