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As other people have mentioned, its about not being able to afford to buy a house to raise kids in. I do want to also mention though, a unique Korean system ca
by creakingstairs 4y ago
As other people have mentioned, its about not being able to afford to buy a house to raise kids in.
I do want to also mention though, a unique Korean system called "Jeonse", which is a large deposit that is 50-80% of the property value. After putting in the deposit, you can live there on yearly basis without paying rent. This system has been and is being used as property ladder for young families (as they don't have to "lose" money on rent) but as "Jeonse" is pegged to property value, they've been rapidly rising as well AND frauds around Jeonse has been on rise, in which case you can lose the whole deposit or be tied up in court battle for years.
[1] https://en.wikipedia.org/wiki/Jeonse https://en.wikipedia.org/wiki/Jeonse
- pnut 4y agoKeeping up with the Jeonses, that's how they get you.
- mrcheesebreeze 4y agolol
- Silverback_VII 4y ago>As other people have mentioned, its about not being able to afford to buy a house to raise kids in. Why do you need a house to raise kids? In many advanced countries there are some systems which will keep your kids feed and clothed even if you have no money at all. This is one of the reasons you often see economically unsuccessful people have way more children and thus a larger influence on humanity's future.
- balfirevic 4y agoBarely anyone I know was raised in a house, or has a house today (but rather apartments). It's very weird seeing this as some kind of condition for having a family.