Supposed government efforts to cool central-banker blown housing bubbles are doomed to fail as long as Money Printer Go BRRRRRR prices first-time buyers out of the market. The bursting of global property bubbles is going to usher in the next Great Financial Crisis, a la 2008. Heckova job, central bankers!
The average price of an apartment in Seoul has doubled in five years despite government efforts to cool the market.
h/t Boo_Randy
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