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- I used to experience information overload and difficulty understanding terms when studying economics, but through this book, I was able to learn the basic concepts systematically.
- This book is designed for beginners, making it easy to understand concepts related to housing loans, such as LTV, DTI, and DSR.
- My goal is to be able to read and judge economic news independently within six months through this book.
The biggest obstacle I encountered when I started studying economics was information.
Too much information. Too much rumor. Too many words. There were no standards, so I was at a loss as to what to follow. I held onto keywords like real estate, capitalism, and investment, and I read any book I could get my hands on. I was gradually opening my eyes, but books were not enough to understand the rapid flow of the world. It was time to turn my attention to a faster medium.
So, I subscribed to several newsletters. Economic and real estate newsletters such as Appeti and Boudin and New Nick are famous, but I also found a new one this time. The Kozub Newsletter is run by the Seoul Economic Daily, so it was more reliable. I learned about this book through Kozub. I hoped that this book would teach me how to read economic newspapers since newsletters were not enough for me.
The second obstacle I encountered when I started studying economics was terminology.
Embarrassingly, I'm still a novice in my late thirties.
At first, I didn't know what a mortgage was, what real interest rate was, what a pre-sale price cap and a knowledge-based industrial complex were, and I had a string of question marks after reading just one newspaper article. That's why I struggled with unfamiliar words when reading economic articles. This book is designed for beginners like me, and it is very thorough in its basic terminology explanations. It presents an economic article and then explains the terms, then it explains why the article is important, and then it continues with a reading together. In other words, it interprets the article from the perspective of the journalist. You might think that you can just search for terms, but it's a chore to search every time a term comes up. Also, if you're not sure whether the interpretation is correct, verified information will save you the trouble.
Intermediate and advanced readers may find the book too easy, but that's why it felt like a low barrier to entry for me, a novice. Actually,
In particular, the section explaining LTV, DTI, and DSR was useful. The concepts were similar and vague, but it made sense when presented with specific amounts. I believe that borrowing is an unavoidable tool for future home purchases, so I thought it was necessary to fully understand the concept, which is why I was so happy to see this part.
Finally, I'm using the online view of the first page of the Naver newspaper article that this book provided in the beginning very effectively. For example, the Seoul Economic Daily can be viewed by selecting Naver News > Seoul Economic Daily > Page View menu https://media.naver.com/press/011/newspaper. This will show the pages in order from page 1, and adding this to your favorites will make it much easier to read the newspaper, so I recommend it.
Anyway, I sincerely hope that in 6 months or a year, I will be able to graduate from this book and be able to read and judge economic articles on my own. Until then, I'll have to hold onto it and read it again and again.
This book was provided through the Kozub newsletter, and I wrote the review based on my subjective opinion.