- cross-posted to:
- world@lemmy.world
- cross-posted to:
- world@lemmy.world
cross-posted from : https://lemmy.zip/post/58282514
jackpots in 2025 averaged 2.06 billion won ($1.41 million), which falls to 1.4 billion won once taxes are deducted.
That after-tax amount is below the average price of an apartment in Seoul, which was 1.5 billion won in December 2025, according to separate data compiled by KB Land, the property data tracker of KB Kookmin Bank.
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Seems like a short term problem. The birth rate in Good Korea is so low that before long they’ll have vastly more housing than people to live in it.
You haven’t been paying attention to late stage capitalism so far. The landlords simply pull enough housing off the market that the prices for the remainders continue to rise. They’ll let entire buildings rot if it ensures the prices for other buildings remain high.
Late stage capitalism doesn’t lower prices
Like the others mentioned to you:
You need to read more theory.
