Reported 9 months ago
With soaring house prices, the New Qingshan loan has become a catalyst for first-time homebuyers! Property expert Sway is concerned that the low salary issue of 22K in the past has now escalated into a 40-year mortgage problem. The increasing house loans and rentals have added to the heavy financial burden of the majority. While the loan is aimed at assisting first-time homebuyers with no age or marital restrictions, recent criticisms about ghost borrowers and subletting have sparked concerns about the loan contributing to rising prices, prompting Prime Minister Cho Rong-tai to convene a meeting to address these issues. Sway further points out how this wave of price increase in housing can be traced back to the previous administration, and questions the effectiveness of current government policies in curbing such problems.
Source: YAHOO