Duc, sequere, aut de via decede!

Lee Myung-bak desperate to boost housing demand artificially

August 29th, 2012 . by Errol

After 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.

JJ Cale and Eric Clapton

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.”

Korea Times, 29 August 2012

Leave a Reply

You must be logged in to post a comment.