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!
See also 'Debt ceiling increase = inflation increase = Federal Reserve Interest rate hikes = higher mortgage & car loan costs = higher food/gas prices = decrease in wage value... It’s all connected. If Gov’t spending isn’t cut, your family’s spending will be'
The average price of an apartment in Seoul has doubled in five years despite government efforts to cool the market.