Friday, February 19, 2021

A Seoul problem

Just one of the unusual things you learn by watching Channel News Asia:   housing costs in Seoul have been climbing dramatically in recent years:

 

If you can't be bothered watching the video, the description of the story: 

Home prices in Seoul have risen more than 50% in the last four years. President Moon Jae-in has been under fire for failing to cool the housing market, despite introducing dozens of measures including tax hikes and loan limits. His latest plan to increase the supply of affordable housing has also not been well received. In South Korea, public rental housing refers to small-sized apartments purchased by the local government to be rented out to low-income groups at below market prices. 

The video, which features some people saying that they doubt that those who live in public housing can "fit in" in the local area indicates that the sort of social problems depicted in Parasite are pretty real.

 



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