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Ok Joo-hyun was already doomed at the time she purchased the Sinsa-dong property

Machine translated

Looking at the settlement details, it says the acquisition was in '22, but even at the start of COVID-19, people were already saying the commercial real estate cycle was peaking.
Trying to buy and sell Hannam THE HILL using this as collateral could truly be described as a consecutive double play, but considering the double burden of loan interest, it was nothing short of a reckless gamble.
Honestly, even at the time of the Sinsa-dong purchase, the loss might have been manageable through a stop-loss, so I don't understand why she pushed to buy Hannam THE HILL. It's not something that can be easily liquidated anyway, and considering the costs, the price would have to rise significantly just to break even......
I suspect that at the time, she was stuck in commercial real estate while residential real estate was still rising, so she tried to offset the losses. However, ultra-luxury real estate doesn't trade easily, and the longer this drags on, the more nerve-wracking the situation becomes.

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