tag:blogger.com,1999:blog-12946845.post7026943891032773730..comments2024-02-23T23:53:54.842+09:00Comments on Gusts Of Popular Feeling: 'The logic of this story is the logic of a Dream Hub... or a nightmare'matthttp://www.blogger.com/profile/10296009437690229938noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-12946845.post-42588754781086478422013-04-13T10:26:47.394+09:002013-04-13T10:26:47.394+09:00No doubt the owners of those apartments expect mor...No doubt the owners of those apartments expect more compensation than normal due to their location and view. But I would be very surprised if the redevelopment deal wouldn't at least include for them a residence inside the new complex; that's pretty standard, as far as I know. Anyway you look at it, barring a huge real estate bust in the future (a distinct possibility), it'll be a sweet deal for them.Anonymoushttps://www.blogger.com/profile/07595012464994276201noreply@blogger.comtag:blogger.com,1999:blog-12946845.post-31151799990452979672013-04-12T19:46:07.762+09:002013-04-12T19:46:07.762+09:00That may be true a lot of the time (and for those ...That may be true a lot of the time (and for those smaller apartments, very likely), but is that true across the board in this case?<br /><br />Was the compensation they were to receive going to allow them to afford new apartments within the new development? I highly doubt it. It seems a similar to the New Towns, which subverted the laws requiring 재개발 projects to include a certain amount of low income housing to allow some of the people they were displacing to remain in the area (New Towns were 뉴타운s and not 재개발, so those rules didn't apply - a nice play on words and a handout by then mayor Lee Myung-bak). <br /><br />In the case of the Buk Hangang Apts, which have the largest visual protest painted on them, they were fairly new buildings and <a href="http://blog.daum.net/ilyhjis/43" rel="nofollow">every apartment has a balcony overlooking the Han River</a> (above the third floor or so). Would their compensation have allowed them to afford another riverside apartment? I'll say I honestly have no idea, but I have my doubts. It wouldn't surprise me in that case if the sentiments reflected in the propagandizing on the side of their building were genuine. matthttps://www.blogger.com/profile/10296009437690229938noreply@blogger.comtag:blogger.com,1999:blog-12946845.post-73826974827693560352013-04-12T13:07:58.628+09:002013-04-12T13:07:58.628+09:00I'm sure you must know that all those banners ...I'm sure you must know that all those banners on the sides of the apartments explaining about how people don't want to lose their homes, blah blah means nothing at all in terms of people wanting to keep living there. That's a standard approach in Korea to negotiate higher prices for their property. Once their bank accounts are full, they take down the banners.Anonymoushttps://www.blogger.com/profile/07595012464994276201noreply@blogger.com