Lee Myung-bak desperate to boost housing demand artificially
August 29th, 2012 . by ErrolAfter Chuseok, prices are gonna tumble down.
After Chuseok, realtors are gonna frown.
Lee Myoung-bak is gonna stimulate some action;
But we’re not gonna get any satisfaction.
Park Won-gap, head of the real estate business department at KB Kookmin Bank.
“Let’s face it, apartments will never be the low-risk, high-reward financial item they were during the housing boom. The nation is too heavily in debt and we simply don’t have enough people willing or able to continue rolling the dice like that.”