Re:China urges its people to struggle. Some say no
by oblio on Friday July 09, 2021 @04:53AM
(#27781694)
With so few people I see no way except for mass migration, for housing stock to remain expensive. And that's one of the biggest barriers to having kids these days, housing being the main expense during a person's lifetime.
When your main home + a vacation home cost half of what your main home would have costed 3 decades ago, and you can afford them when you're 25, that's a huge relief right there.
The big question mark to that is that the entire economy doesn't collapse and also takes down salaries with it. But South Korea is quite export oriented so they're better positioned than some other countries.
When your main home + a vacation home cost half of what your main home would have costed 3 decades ago, and you can afford them when you're 25, that's a huge relief right there.
The big question mark to that is that the entire economy doesn't collapse and also takes down salaries with it. But South Korea is quite export oriented so they're better positioned than some other countries.