Recently, in South Korea, to reduce the pressure of expenses on low-income households, various methods are taken into consideration. Rental services are one way; by renting out living space for individuals with large amounts of disposable income (i.e., middle-and upper-class). This would allow low-income families to have a steady income and a living space for their own.
However, because there aren’t enough people who could afford to rent expensive spaces in South Korea, this experiment is being done by foreigners. A company called “Seoul Global Center” has started the peer-to-peer rental program with an aim to provide low-income families with housing through international students. The process of this program is simple. International students looking for a place to stay in Seoul will find an apartment, meet the owners, talk about monthly rent and deposits needed, sign contracts, and finally move in. Because the landlords are not professional property managers who own more than 2 units of space each year, this program is financially advantageous to both parties as it reduces their costs.
The peer-to-peer rental housing program is still in the experimental phase; however, if successful, can provide low-income families an alternative way to find a steady place to live and international students with a cheaper place to stay.
What are Rental Services?
Renting out living space for individuals with large amounts of disposable income is one way to reduce the pressure on low-income households. The peer-to-peer rental housing program is still in the experimental phase, but if successful can provide low-income families an alternative way to find a steady place to live and international students with a cheaper place to stay.
The Peer group presents a review of the experimental phase as of now.
The Peer group presents a review of the experimental phase as of now.
How can peer-to-peer housing benefit low-income families?
Renting out living space for individuals with large amounts of disposable income is one way to reduce the pressure on low-income households. The peer-to-peer rental housing program is still in the experimental phase, but if successful can provide low-income families an alternative way to find a steady place to live and international students with a cheaper place to stay.
Highlights:
International students
large amounts of disposable income
low-income families
methods were taken into consideration
middle-and upper-class
steady income
a steady place to live for their own
simple process
Success can provide low-income families an alternative way to find a steady place to live and international students with a cheaper place to stay.
To reduce the pressure of expenses on low-income households, various methods are taken into consideration.
peer-to-peer rental housing for low-income
recently, various methods are taken into consideration. Rental services are one way; by renting out living space for individuals with large amounts of disposable income (i.e., middle-and upper-class). This would allow low-income families to have a steady income and a living space for their own.
However, because there aren’t enough people who could afford to rent expensive spaces in South Korea, this experiment is being done by foreigners. A company called “Seoul Global Center” has started the peer-to-peer rental program with an aim to provide low-income families with housing through international students. The process of this program is simple. International students looking for a place to stay in Seoul will find an apartment, meet the owners, talk about monthly rent and deposits needed, sign contracts, and finally move in. Because the landlords are not professional property managers who own more than 2 units of space each year, this program is financially advantageous to both parties as it reduces their costs.
The peer-to-peer rental housing program is still in the experimental phase; however, if successful, can provide low-income families an alternative way to find a steady place to live and international students with a cheaper place to stay.
The Peer group presents a review of the experimental phase as of now.
recently, various methods are taken into consideration.
conclusion
A growing problem, rental services provide a possible solution for both low-income families and high-income individuals. In particular, peer-to-peer rental housing provides a convenient way to earn money from living space left alone during work hours. Low-income households can have steady incomes, and high-income individuals can have places for their short-term visitors. Peer-to-peer rental housing is especially useful for cities with higher living costs, such as San Francisco.
San Francisco has recently faced a problem where low-income families are forced to find alternative solutions for shelter, food, and education. One way that other countries have dealt with this problem is by providing affordable housing, but in the United States, this would be difficult to do. To solve this problem, various methods were taken into consideration. Rental services are one way; by renting out living space for individuals with large amounts of disposable income (i.e., middle-and upper-class). This would allow low-income families to have a steady income and a living space for their own.
This helps solve the problem of low-income families but causes an issue on where to put short-term visitors for higher-income individuals. Peer-to-peer rental housing provides a convenient way to earn money from living space left alone during work hours and provides an affordable place for high-income visitors.