Comments by "kristine Sharp" (@kristinesharp6286) on "KBS WORLD TV" channel.

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  24.  @exhausted12  it’s maddening. A rich person has a person without property to take out a loan they can use the money to invest in exchange for them living a spare property of theirs for a few years. The problem is they could double the Jeonse and the person unable to get a loan large enough to remain in their current place, have to find another place which will probably have similar Jeonse amounts and have to pay to move and set up house perhaps needing different size furniture for some of the room or more cost in transportation to work. Why can’t the rich person just own the property they live in an invest their own cash instead of the cash of others? It’s why the gov won’t stand for a property market correction. Those dips are needed and beneficial in other parts of the world cause it allows young people the chance to get on the property ladder, the stability to live in a place 5 year or more without worrying about the prices month to month. It’s just too hard. Young people typically have incomes that grow. If they buy the mortgage will remain the same for the life of the loan. And their ability to expand other areas of the budget will increase. They will have to worry about paying off 350K home with a down of 150K. Had they waited they would have to worry about getting 240K for the down and loan for 560K in as little as 4 years? Will they have the proper income to debt ratio on an apartment of that price? It’s the difference between buying the apartment for 500K now and 800K just a few years later.
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