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Excessive Housing Speculation Is Weakening Taiwan’s Economy and Society
Housing speculation creates instability and inequality. Given the growing national security threats from China, policymakers’ refusal to confront the problem puts Taiwan in a highly precarious situation.
Taiwan’s Housing Crisis (Part 2): Taiwan’s Housing Prices Have Grown Faster than Most Advanced Countries, But Its Economy Has Not
Since 1985, Taiwan’s real estate profits have grown by nearly 40 times, but the minimum wage has not even grown by four times. If the minimum wage had grown as quickly as real estate profits, it would have been close to NT$230,000 a month today.