How Harsh Is Life for Ordinary Young People in South Korea?

Home prices were rising at about 15% annually, and renters were paying 50–80% of the home's value as rent (with 1–2 years of free rent). Banks specifically issued loans to young people for renting, and then wealthy investors used that money to keep buying properties to rent out. Someone publicly ran this scheme with 208 rental units (preying on young people)... Of course, the market has now started to decline because the government is incompetent and its ability to control the situation is terrible—wealthy owners can't even sell despite price cuts of 50%.

South Korea's real estate market is getting crazier by the day

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