Investor That Can See The Future

Chapter 443

So far, population dispersion in the metropolitan area has been virtually ineffective.

The same is true of Sejong City, which has raised expectations. Although it claims to be an administrative complex city and relocates a large number of state institutions, it is of no use.

However, despite the fact that Saemangeum has not yet announced the sale plan, it has had a definite effect.

Currently, the first 200,000 households will be sold in the second half of next year, and thereafter, 100,000 households will be sold every year.

If all goes according to plan, a new city on the scale of a metropolitan city will be created with more than one million inhabitants. Considering that Sejong City has a population of about 300,000, it is three times larger than that.

As well as corporations and factories, the nation’s largest resort complex, theme park, silver town, international school, and Korea University’s second campus will be built to become a fully self-sufficient city.

With the fact that a new city that can replace the metropolitan area is being built in a situation where end-users have already risen to the point where it is impossible to buy, house prices have begun to fall sharply.

There is no one in the world who will like my house price falling. Even more so if you are someone who has bought several houses with debt.

Korea has a unique residential culture where a significant number of people live in apartment complexes.

Already, the women’s associations and neighborhood associations in each complex were in an uproar, which put pressure on politicians in the form of public opinion.

As the landlords strongly protested, the members of the Liberal National Party jumped on board and raised their voices in the metropolitan area.

“We must come up with a solid support plan for the common people who own one house!”

“As retirees with no income and the elderly are feeling the burden of increased taxes, consider reducing the tax burden on end users and regular residents!”

“We will continue the struggle until a proper government countermeasure comes out!”

Rep. Ma Sang-tae suddenly said that he would shave his head, condemning the failure of the government’s real estate policy and calling for countermeasures.

In the midst of the homeowners’ gathering, Senator Ma State shaved his head as if to say goodbye.

The shaved heads of opposition lawmakers spread like a lantern, centered around lawmakers in the metropolitan area. The conservatives fervently supported it, calling it a haircut struggle.

Yeon Na-kyung, the leader of the Liberal People’s Party, who had been living for a while after the economic hearing, came to the scene and encouraged her to shave.

She hugged her shaved senators and shouted in tears.

“Our party will continue to shave off the relay until we come up with a clear solution for the common people who own houses and the common people in the rental business!”

So far it’s been good

Then sparks caught her and suddenly moved to her.

Her host, who was broadcasting her shaved head live on her A-Tube, said to her, pushing her mic.

“Next time, CEO Yeon Na-kyung, please shave your hair!”

At that, CEO Yeon Na-kyung was taken aback.

“Yes? I mean, am I?”

“That’s right! The leader of the first opposition party needs to shave his head to show his determination!

The supporters gathered at the haircut ceremony chanted her name in unison.

“Nakyeong Yeon! Yeon Na-kyung!”

CEO Yeon Na-kyung only smiled awkwardly with a bewildered expression.

* * *

The controversy over CEO Yeon Na-kyung’s haircut grew bigger and bigger.

There was even a petition from the Blue House to the Blue House in support of CEO Yeon Na-kyung’s haircut, and more than 100,000 people agreed.

Everyone, both conservative and progressive, seemed to want CEO Yeon Na-kyung to shave.

CEO Yeon Na-kyung, who had been avoiding answering reporters’ questions for a while, said she had no choice but to do it.

“I will make a comprehensive judgment about when and how to make a decision in terms of maximizing the meaning of the struggle,” she said.

-No, what’s so great about shaving, do you think it’s comprehensive?

– If anyone hears it, you’ll think it’s a robbery.

– Haha I’m trying hard to get back what I said I won’t do!

– As much as she voted in favor of the Saemangeum development at the hearing, it’s right to shave it together, even at the level of responsibility!

– Representative Yeon Na-kyung! Please shave your head to show the determination of the opposition party!

-If you shave your head, you will support the LDP from today!

-I will also join the LDP as a member!

-Why do you support the LDP? I have to support the National Party.

– Even if you can’t wear split clothes, you should shave your head!

– The hair grows back anyway.

-If you shave Yeon Na-kyung, you will receive a rice cake award from the Liberty Korea Party!

– Shaved Gaza!

Taek-gyu looked at the article and said.

“What the hell is this shaving? If I shave, will the falling house price go up?”

“You shouldn’t try to find meaning in what politicians are doing.”

CEO Na-Kyung Yeon swung her words around, biting her OTK company. It all started with the development of Saemangeum, so OTK Company, the main agent, is also responsible.

The landlords are also holding a protest in front of the company calling for countermeasures. Of course there is no reason to follow.

Just because the house price goes up, it’s not going to give me the same amount as the increase.

Taehyung put his hand on my shoulder.

“There is only one way out of this. You’re going to shave your head too!”

I was surprised.

“… … why me?”

What the hell am I?

Taek-gyu called the head of the PR team and said.

“First, if CEO Yeon Na-kyung clearly shows his determination, announce that we will make a comprehensive decision.”

At that, Team Leader Jeong Ki-hong was surprised.

“Yes? Are you really announcing that?”

Taek-gyu said with anticipation.

“I want to see CEO Yeon Na-kyung shave her head.”

“Is that okay?”

“It’s okay. I wouldn’t do it anyway.”

“… … .”

* * *

After the announcement of OTK Company’s Vice President, Na-Kyung Yeon, CEO of OTK Company, could not back down any longer.

At the reporters’ questions, she shouted with determination.

“We will have a shave in front of the OTK Company headquarters!”

Amid the crowds of protesters and supporters, Rep. Yeon Na-kyung sat in a chair and wrapped a haircut.

The very moment when the assistant picks up the barricade and pushes his head!

“No, sir!”

“Can’t we put that barricade down right now?”

Her fellow lawmakers rushed in with an awkward motion and took the barrican. And the party members surrounded Representative Yeon Na-kyung as if it had been squeezed.

“Before we shave CEO Yeon Na-kyung, shave our heads first!”

“No one can touch the CEO’s hair with a single finger!”

CEO Yeon Na-kyung told them.

“I know what you mean, but I can’t break my resolve! Come on, shave my head!”

“It can’t be!”

“You have to find another way!”

“How come you don’t listen to our voices?”

Representative Yeon Na-kyung and fellow lawmakers had a quarrel with each other as they shaved, and a sea of ​​tears unfolded.

CEO Yeon Na-kyung wiped her tears and said as if there was nothing she could do.

She said, “Since many people are against this, we have no choice but to stop the shave ceremony today. But I will not stop here, I will continue the struggle to the end!”

“Wow!”

“Nakyeong Yeon! Yeon Na-kyung!”

Just like that, the show (?) was about to end, but an employee from the OTK Company headquarters came out and spoke.

“You seem to be having a hard time because of the commotion, so the deputy chief says you can shave your head in the lobby.”

“… … .”

The Internet has been hot for a while because of this.

– Haha, the deputy chief is crazy. He decides to fuck Yeon Na-kyung.

– What the hell are you doing?

– Haha Yeon Na-kyung is also really great. In the end, I didn’t shave until the end and went home.

– I thought you wouldn’t. Marley looked awkward with the facial expressions of lawmakers and her supporters. Do some practice beforehand.

– After all, it’s easy to shave someone else’s hair, but it’s not easy to shave yourself.

-Everyone’s hair is precious.

-But why are you encouraging other lawmakers to shave their heads?”

– That’s not your hair.

– A man’s shaved head and a woman’s shaved have different meanings!

-Ttttttt, can the 1st opposition party leader only raise the falling house price by taking care of himself like this?”

* * *

Taek-gyu said as if he was sorry.

“You just have to push yourself from home!”

“… … .”

Why the hell do you want to shave your head like that?

I continued to scan the material.

In most developed countries, the ratio of real estate to financial assets is less than 50 percent. Even in Japan, which is known to like real estate, the level is about 60%. However, in Korea, this ratio is over 80%.

In other words, the assets of all people depend on real estate. This means that when house prices fall, it is fatal to household assets.

So, even a few months ago, the government, which had promised to raise house prices in the metropolitan area, hastily changed its attitude.(Read more @ wuxiax.com)

The downtrend has stalled to see if the various stimulus measures have had some effect.

First, the government eased loan restrictions for homeless people. They want to borrow more money so they can buy a house.

However, this again leads to an increase in household debt.

“After that, next year, I’m going to shoot 2,000 trillion won.”

Now that interest rates are cheap, there is no problem. It is highly likely that the BOK will cut interest rates once more in the near future.

A decrease of 0.5% when the interest rate is 5% reduces the interest burden by 10%, but a decrease of 0.5% when the interest rate is 2% reduces the interest burden by 25%.

The problem is that when you go up, the opposite happens. Under the current circumstances, even a 2% increase in interest rates would double the interest burden.

If you have to pay 1 million won a month in interest and then 2 million won in interest, can you survive?

“Isn’t it enough to pay off the debt little by little?”

“It’s not that easy.”

Money is easy to borrow, but difficult to repay. One of the two is to pay off debt. Increase your income or sell your assets.

Again, in recent years, household debt has more than doubled the rate of economic growth. Considering that income increases with economic growth, it is unreasonable to pay off debt with income.

In the end, the house has to be sold, and if everyone thinks so and pours out the property, the house price will fall again.

The subprime mortgage crisis occurred as house prices fell below the value of collateral, causing serious financial insolvency.

However, this is unlikely because Korea has good lending regulations. Considering the fundamentals of the Korean economy, it is good to say that there is no possibility that house prices will be cut in half. I don’t know if the shock of the IMF foreign exchange crisis will hit.

No country, no government, likes inflation and asset appreciation, and no vice versa.

Borrowing money is easy and enjoyable, but paying back borrowed money is difficult and painful. So what do you do if you can’t pay off your debt?

Simple. You have to pay debt again.

“It’s like flipping a card.”

“answer.”

Even if your debt snowballs, it doesn’t affect your life right away. The problem arises when you can no longer borrow money.

When it is determined that the debtor is no longer in a situation where it is difficult to repay the debt, whether it be a person or the state, creditors try to recover the loaned money.

Some countries have already tried to block it and it exploded.

Argentina is seeking a bailout from the International Monetary Fund (IMF). Greece has received EU funding on condition of partial debt relief, and Italy is on the verge of bankruptcy.

In the meantime, it’s the price of spending other people’s money.

In the process of overcoming the financial crisis, the United States released an astronomical amount of money, and the money flowed into emerging countries, which continued to increase asset values. And in the process, debt continued to grow.

Currently, almost all countries are groaning in huge debt.

China’s government, corporate and household debts combined are more than three times its GDP, and Japan’s national debt alone is 250 percent of GDP as of this year.

If a problem arises in countries with large economies, the risk is highly likely to be contagious like dominoes.

That’s why rumors of a financial crisis keep coming out.

There is no eternal boom, no assets that will go up forever.

How long can this condition last?