Reported 8 months ago
TVBS News on June 22, 2024, reported that the New Anxin policy in Taiwan has extended mortgage terms to 40 years and grace periods to 5 years, boosting the housing market. However, experts believe the fundamental issue of high house prices remains unsolved. The average mortgage burden for Taiwanese youth aged 20 to 35 in 2023 was NT$8.62 million, creating significant financial pressure. The article follows the struggles of young individuals like Alex, portraying the challenges of purchasing homes amidst rising prices and heavy debts. Despite government efforts to support home buying through policies like New Anxin, concerns linger about the long-term implications of extended mortgages on the younger generation's financial stability.
Source: YAHOO