Automated LC review — now right here in the GuildUpload documents → AI discrepancy analysis → correction guide.
NEW Start LC Review →
← Lounge

In reality, there are only three ways to stabilize housing prices in the metropolitan area

No translation in your language yet — showing the English version

Thinking that housing prices will adjust just because the Bank of Korea raised interest rates seems like a somewhat naive analysis.
Since limits have already been set at 600m/400m/200m KRW, household finances are healthier than one might think.
Furthermore, because multi-homeowners have been heavily penalized, most people are single-homeowners; do you really think a single-homeowner would just dump their own house?
Ultimately, for housing prices to adjust, there are only the following three methods:
1. An unlimited supply policy, similar to Daegu
2. Violent interest rate hikes like those in 2022 (0% range > 3% range)
3. Macroeconomic shocks such as the IMF crisis or the global financial crisis
However, this recent interest rate hike is closer to an increase intended to cool down high economic growth (rebuttal to #3).
And with the Democratic Party obstructing supply, will #1 even be possible? (rebuttal to #1)
If so, it would have to be #2, and prices could adjust if the base rate hits around 5%.
But can we handle a 5% base rate? Absolutely not for the time being (rebuttal to #2).
In conclusion, while there may be some stagnation for a while, I expect an upward trend for the time being.
To break through this, a groundbreaking idea is needed.

Comments 0

No comments yet
0