Understanding "파이다이" (Paida-i): The Korean Term for "Buyout" in New York Real Estate

In the Korean community, the term "파이다이" (Paida-i) is often used to refer to a buyout in real estate, particularly in New York. It describes situations where landlords pay tenants to terminate their lease agreements early or vacate a rent-stabilized apartment. While "파이다이" is derived from the English word "buyout," it has been adapted phonetically for ease of use among Korean speakers. However, this term is informal and not recognized in English-speaking real estate contexts, where the correct term remains "buyout."

**This term is pronounced without intonation, similar to Japanese "バイアウト"(바이아우토), making it sound flat and neutral **

🎀 If you have any questions in both Korean and English, please let me know. I look forward to seeing you in a new post

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