Late stage capitalism doesn’t lower prices
Comment on Not even lottery jackpots are enough to buy apartments in Seoul
riskable@programming.dev 1 month ago
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.
belated_frog_pants@beehaw.org 1 month ago
AntiBullyRanger@ani.social 1 month ago
Like the others mentioned to you:
You need to read more theory.
PanGodofPanic@lemmy.blahaj.zone 1 month ago
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.