'Some are blocked from loans, while others receive gifts' – Number of 20-somethings inheriting Seoul real estate doubles

'Some are blocked from loans, while others receive gifts' – Number of 20-somethings inheriting Seoul real estate doubles [Real Estate 360] Naver NewsAs rising house prices and tax burdens drive an increase in real estate gifting, the number of people inheriting multi-unit buildings in Seoul has surged by more than 60% in just one year. In particular, the number of recipients in their 20s has more than doubled compared to the previous year, marking the highest growth rate across all age groups.
If parents own an apartment in Seoul
There is a reason people say prestige universities don't matter as much as family background.
In an era where new builds on the outskirts of Gyeonggi Province are priced at 800 million won,
unless you are a professional or work at Samsung, SK, or Hynix, it is difficult to move into even a new build in the outskirts of Gyeonggi, let alone Seoul, without parental support.
Therefore, as the current parent generation
sells their own homes to support their children's marriage
or gifts the house entirely and retires to the countryside,
elderly poverty will continue to rise.
There is a reason people from the provinces say they have become "sinners" to their children..
The centralization in Seoul must be resolved quickly.