Taiwanese solution to soaring house prices: don’t have kids

June 3, 2010 • Daily Email Recap

Thanks to Jenny Goldie of Sustainable Population Australia for this article.

In Taipei the other day, a crane drove up to the front of the Parliament building. It lowered a man sitting in a plastic container shaped like a house, and suspended him in the air in a protest against the high price of real estate. Through a microphone, he urged onlookers to rise up against high housing prices, declaring: ”People without homes, slaves to property, stand up!”

It is not only in Australia that young people have seen their dreams of home ownership evaporate as house prices boil. Throughout east Asia, a crisis is building as cashed-up investors who fled the sharemarket in 2008 moved their money into real estate, sending prices soaring.

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