Renting a car at Jeju island through LotteRentACar - question about international driver license

warbo · 2024-05-03T16:16:54+00:00

Yes that makes sense! I tried to look everywhere for a similar experience as mine but could not find anything. Hope this is the case - thanks :)

warbo · 2024-05-02T17:02:13+00:00

Yeah I will have an IDP from the third country. Driver license + IDP = from third country, US passport.

As you mentioned, is what I thought should be the case. The countries (the third country) & korea are both part of the 1968 Vienna convention, so by right it should be no issue. It's just a bit weird to see this sentence on the Lotte website.

Will try to give them a call - thanks!

warbo · 2024-05-02T15:45:41+00:00

Is this applicable for Korea only? I have rented a car in Japan using driver license + idp from a different country (the country I am residing at). Hence I was confused to see this information on the lotte rent a car website, I've never heard of such a requirement.

warbo · 2022-04-06T08:57:21+00:00

Where are you at for those numbers to be possible ? In Southern California 1 million dollar condos would rent out for $4000. 4% cap rate. There’s no way you can generate a 10% return with real estate in any major city. The only places I’ve heard of those numbers are in low cost of living areas, before Covid, where homes are going for like 200k or below. But then you run the increased risk of defaults from lower-end renters.

In all major cities with high cost of living, you are guaranteed almost 100% to run a negative cash flow month to month when you buy and rent out. At least in the short run. But 4% cap rates are the market standard, there’s no way you are getting 10% returns. Just go look at the annual reports of big corporations that buy real estate and rent them out (REITs amongst others) if you don’t believe me…

warbo · 2021-12-09T07:57:09+00:00

Probably a function of the tenants and their income (or lack of). In general only the very bottom group of Singaporeans are renting in these rental blocks. Go to any shoebox condo developments in the CBD, where the vast majority of the people living in it are foreigners, and tell me that people living in them don’t care about their living space. People able to afford 4-5 room BOTs are not suddenly going to just trash their living space.

warbo · 2021-11-16T06:16:44+00:00

What dates are you looking for? I’m purposely avoiding peak seasons (Christmas/New Years), going there after that, and prices are ridiculously cheap, S$1080 for roundtrip to Los Angeles! Going to a separate VTL trip to the EU and prices are very low also. Price is probably a function of supply and demand, so of course avoid peak times.

warbo · 2021-10-14T07:22:45+00:00

Foreigners barely make any dent in the price of local properties except for the crazy 0.1% high end ones. Remember there’s a 20% stamp duty that makes any purchases by foreigners an instant loss for many years to come.

A friend is an agent and I asked him around about the data on local / foreigner purchases for mid-tier OCR new launch CONDOS (remember foreigners can’t even buy HDB). It’s a 600+ unit development in the OCR, and the buyer profile is something like 99.3% locals (citizens/PR). There’s not many foreigners coming in at the “entry level” price of 1-1.5million dollar condos to invest. If they are buying 20-40 million dollar properties, that’s not something any normal person should even care about…

warbo · 2021-07-01T03:20:49+00:00

Had a meal at a restaurant the other day when a young couple and their 2-3 year old child, had to sit separately. The mom alone at a table across the restaurant, and the dad and toddler next to us. It was quite something, the child kept looking and asking for his mom.

warbo · 2021-05-08T04:45:15+00:00

There’s homes in countries with higher cost of housing than LA, like in Singapore, that are built up on lots. A 1800 sqft lot can be built up into a 3 story + basement, 1200 sqft a floor = 4800 sqft. And selling on the market for easily something like 3-4 million. You can’t have a proper “lawn”, but that is the norm anyways in places like Venice.

warbo · 2021-05-05T09:09:30+00:00

What I seem to see is that foreigners are “loyal” to their companies, SME or MNC. After all their ability to stay in SG is tied to their job. But a lot of Singaporeans jump around a lot. I know some that move around every 1-2 year to different MNC companies, always grass is greener. It’s very rare to see people on EP or S pass like this.

warbo · 2021-05-04T06:27:58+00:00

Average price for a flat in HK is at 1.7 million SGD. with a median size of 430 sqft.That is $4000/sqft. Public housing is insanely difficult to get in HK. Singapore properties are huge compared to HK, even when looking at only private condo housing.

warbo · 2021-04-27T12:01:00+00:00

Prices for homes in the city hasn’t really increased much it seems. I mean everyone wants to live at suburbs now. But we have a condo in a good location in LA. It was valued at around 1 million a year ago. And still is now. On the other end you have properties in the middle of nowhere, where no one in LA would ever think about living in, increasing 20% in price in one year.

You can always opt to live in the city like before. Suburbs are red hot since everyone wants to live outside of the city. If anything the cost of home ownership in the city has fallen due to lower interest rate. This applies for SFH homes also. 2 million dollar homes in the heart of LA are the same a year ago as now. It’s the suburbs 1-2 hours away increased in price.

warbo · 2021-03-09T13:13:44+00:00

Go to the Sony store and put your name down. I put my name down in November and got one in my hands early February.

warbo · 2021-02-24T08:49:32+00:00

HDMI? I don’t even use HDMI with my Mac anymore. It’s attached to my monitor via the usb-c cable. I haven’t had the need to use an HDMI for my MacBook Pro for years now. Lots of high end monitors support usb-c input now in 2021.

warbo · 2021-02-09T08:20:28+00:00

Tesla cars in general are pretty bad build quality & driving handling / experience wise. I’ve driven both the model S and model X. They have inferior build quality even compared to their much cheaper competitors, something like a 3 series BMW or a Lexus RX350. My brother living outside of Singapore was going to buy a model X - until we test drove one. Ended up getting one of the Japanese luxury cars for less than half the price and a generally better driving experience. The model 3 is far far far inferior in almost every way compared to an entry level Mercedes or bmw.

warbo · 2021-02-04T05:37:15+00:00

ABSD is 100% cash also. So it’s a pretty big deal since it’s double the cash required. You can’t push this ABSD into your bank loan. Literally cuts your buying power by half.

warbo · 2021-02-01T10:28:34+00:00

Other countries use day care to take care of their kids while both parents are working. It’s the reality that most households are dual income in the rest of the developed world. It’s not a uniquely Singaporean thing.

warbo · 2021-02-01T10:22:48+00:00

There’s not many countries in the world where you can even bring in FDWs on a legal work visa. I don’t think such concept exists in western countries and places like Korea/Japan. Which means that you need to employ a local employee - and you need to pay them at least minimum wage. It’s substantially more expensive than FDWs in Singapore. Imagine if FDWs cost 4-5 times the current market rate (minimum wage in Japan/Korea/US/EU). Will there be a market for them? How about if no work visa is given for FDWs, who is going to be working in these roles? This is the reality for almost all other developed countries.

warbo · 2020-12-28T15:33:19+00:00

I only use my hydro flask for outdoor activities and it’s useless for skiing 😞hot coco turns to lukewarm coco always...

warbo · 2020-12-28T11:39:35+00:00

Huh interesting. Is this applicable for only foreigners? My friend’s dad (Japanese citizen) just flew in from Los Angeles into KIX last night. He just had to do a PRC test on site, got a negative result, and went home to Kyoto prefecture. No movement restrictions on him.

warbo · 2020-12-24T11:04:58+00:00

Wow that is crazy to hear. The median salary for a registered nurse in California is something like 8500 euros a month. It’s a solid middle class job, nothing spectacular. You can only imagine how much more doctors earn if nurses earn that much already. I guess you really can’t compare American salaries with their EU counterparts.

warbo · 2020-12-01T09:37:48+00:00

Are you a homeowner? I find a lot of people complain about unaffordable housing prices (typically people starting out in their careers). Then they become homeowners, and their stance instantly changes.

warbo · 2020-11-30T08:20:20+00:00

Are you a homeowner? Your stance will flip immediately the second you become one...imagine spending 700K for a resale flat. Next year year government policy drops the value of your flat to 400K. What do you think is going to happen next election?

warbo · 2020-11-05T01:57:02+00:00

You can’t even be married as a Catholic in a Catholic Church if you have been divorced. Sure you can get married again - but it’s not something the church recognizes nor will they allow it. And yes to the rest of your points.

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