People comforting themselves because Gangnam apartment prices dropped seem pathetic
Right now, not only most areas in Seoul but also key locations in the metropolitan area are hitting new record highs. It's not even a case of pulling the wool over someone's eyes; it's amazing to me that there are people who find comfort in news articles about Gangnam apartment prices falling.
If a 10 billion won apartment drops to 8 billion, or an 8 billion won one drops to 6 billion, can they even afford to buy them?
In reality, the apartments targeted by the largest segment of demand have already seen 600 million won units rise to 900 million, 800 million to 1.3 billion, and 1 billion units rise to over 1.6 billion.
Most areas in the metropolitan area have already almost surpassed their previous peaks from 2021 and 2022.
It seems pathetic to see people comforting themselves over the decline in Gangnam apartment prices, which has nothing to do with them.
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