Equity Mortgage Experiment

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A new housing system is being experimented with in Korea.

It is called "equity mortgage", and when citizens buy a house, they buy a certain share and pay about 2% for the government's share.

When house prices rise, the government and the homeowners gain the same amount as their share, and when house prices fall, the government suffers a loss.

However, there are limits to the house price for the mortgage depending on the region. For example, in Seoul, it is 1 billion won or less, and in Gyeonggi-do, it is 600 million won or less.

For more information, please refer to https://econmingle.com/realestate/buy-an-apartment-for-100-million/

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