Isn't it a fact that housing prices in our country are expensive relative to income?

It seems particularly severe because 80% of national wealth is tied up in real estate.
In other countries, it's all around 30–40%.
Since 80% of assets are in real estate, the structure forces everyone to go "all-in" by leveraging everything they have,
so housing prices are bound to be expensive...
If it were like Japan, where only central Tokyo is expensive, it might be understandable,
but in our case, even areas outside the center start at a baseline of 1 billion won.
It's really something...