Korea, where all assets are abnormally concentrated in real estate

Even during the Japanese bubble economy and the US mortgage crisis, when the real estate bubble was the most severe in history, the ratio of land assets to GDP never exceeded 400%.

Even China, which is experiencing social chaos due to the real estate collapse, is currently around 300%.

In contrast, in Korea, all assets are concentrated in real estate.

Average home price in New York City is $750,000

+ Average house price in London, UK