5억 아파트 6천 폭락, 인구 10만 붕괴.. 국토 12% 서울 덮칠 수십조 부채 폭탄

Does the bizarre phenomenon of downtown apartments worth 500 million won not selling for even 60 million won sound like a story about someone else's neighborhood? The collapse of these empty provinces is ultimately furiously burning the fuse of the tens of trillions of won in household debt concentrated in Seoul, which occupies just 12 percent of the national territory. If you want to avoid the horrific scenario of a chain collapse of South Korea's debt-ridden real estate market, please watch this video right now. Small provincial towns, having breached the absolute survival threshold of a population of 100,000, are now erasing themselves from the map as hospitals and schools disappear. Festivals costing tens of billions of won and childbirth incentives amounting to millions of won were nothing more than potent narcotic painkillers to mask the pain of the city's skeleton crumbling. Even more shocking is the fact that Seoul, having sucked in all the youth from the provinces, has paradoxically become a cold space incapable of conceiving a single life, only fueling endless real estate bubbles and household debt. Ultimately, the astronomical tax bills that must be poured in to maintain these empty ghost cities will be the first to shatter our meager bank accounts hidden within those glamorous Seoul apartments and the futures of our children. #RegionalExtinction #RealEstateCrash #HouseholdDebt #SouthKoreanEconomy #EconomicCrisis