Part 7/15:
South Korea’s unique Goshi rental system requires tenants to pay hefty deposits—up to 80% of property value—in advance, which landlords invest to generate high returns. While initially beneficial, this model has become a barrier to family formation: young couples need massive savings to even consider marriage, let alone start a family.
House prices, fueled by speculative bubbles and an aging, shrinking population, are set for a structural collapse. The vast majority of household wealth is tied up in real estate, making this market a ticking time bomb, especially as demand declines and the population contracts.