Reported 8 months ago
Currently in Taiwan, there are approximately 3 million renters ranging in age from 25 to even 40, facing difficulties in buying a house mainly due to exorbitant house prices. Even if they opt to rent for a lifetime, it is challenging to 'lie flat' in Taiwan as housing prices drive up rent, which increases annually, while salaries have stagnated for years, potentially leading to a decline in the quality of life for renters. The unaffordable housing market in Taiwan makes it tough for people to own a house, and despite the seemingly relaxed nature of renting compared to buying, there is still a hope that one day they can have their own home. The rising rent prices and low wages in relation to housing costs in Taiwan make it a complex issue, with the tight interplay of house prices, rent, and income, posing challenges for the younger generation and renters.
Source: YAHOO