Wow!!! Lee Jae-myung!!! He finally did it!!!!!!!!
Machine translated
Housing is gradually losing its appeal as an investment vehicle.
Even if prices rise slightly,
the increase in mortgage interest rates outweighs the profit margin.
On top of that, there are all sorts of tax burdens.
We have just entered a cycle of high interest rates.
As of today, mortgage rates are reaching as high as 7.5%.
It is simply better for your peace of mind
to think of it as just finding a decent place
that fits your circumstances
without overextending yourself,
just to secure a home.
From now on, supply will be overflowing for the next several years.
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