3 ms·

That sounds like the reasoning used in the US before the big 2008 housing market crash.

• ethbr0 5y ago
  The US is not #3 in population density. ;)
  • ranguna 5y ago
    That doesn't matter, it's just a matter of time before it crashes imo.
    • ethbr0 5y ago
      The fundamental reason the US housing market crashed was that mortgages were written on properties that couldn't be sustained by income. South Korea has two characteristics that directly impact that: scarcity of land (relative to population) and a solid, world-leading economy in many high margin industries. It's not inconceivable property with such qualities could increase in value forever, and still be properly valued. So saying "Just like 2008 US" is a pretty pithy distillation of a number of complicated factors.