If house prices plummet, the possibility of poverty in old age also increases? Is your old age safe?

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KBS 다큐

Published on Premiered Nov 1, 2023
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■ Warning light on for '50s'... The house I trusted betrayed me? Jaehyun, who lives in Changwon, Gyeongnam, is fighting a battle with employment every day these days. During the day, he learns special welding at Changwon Polytechnic University's middle-aged reemployment course, and at night, he studies business administration at Broadcasting and Communication University to build his career, but employment is a long way off! His life after retirement is going in an unexpected direction. The problem was that he took out a bank loan to buy an apartment. The expectation that if he just bought an apartment, it would go up someday did not pay off, but 'the bank only left him a house, and although he had a good time running a heavy equipment company at the peak of his career, his life after retirement is going in an unexpected direction. The situation is the same for Taejin, who came up to Seoul from Iksan, Jeollabuk-do to do silver delivery! Due to the population concentration phenomenon between the metropolitan area and non-metropolitan areas, the regional economic growth rate is slowing down, and the real estate slump in local areas is becoming visible, making Taejin's retirement a future that is not guaranteed. But is this a problem only for non-metropolitan areas? ■ Population decline, Japan's empty house shock is not someone else's problem? Japan, which experienced an aging population before us, is now suffering from 'empty houses'! When the Japanese economy was growing rapidly, houses were built on the side of mountains because there was a shortage of houses, but now there are no people living in those houses, so it is estimated that the number of empty houses in Japan will exceed 10 million. Tokyo is no exception. Excluding the central area, which is the yolk, the housing prices have plummeted by as little as 1/10 and as much as 1/30! So what about our case? Experts' opinions are divided, but the general view is that if the aging population continues, real estate prices will fall in the long term! The reason is population decline, and in fact, among the 35 OECD member countries, Korea is the only country with a birth rate in the 0% range, with a total fertility rate of 0.98 last year. This means that there are many houses, but the number of young people who will buy them is decreasing. ■ Lifelong 'household shackles'... How is your old age? Mr. Hyung-joong from Pohang, who prepared for life after retirement as soon as he joined the company, is investing his surplus assets in various savings products such as pensions and savings instead of houses. He believes that one house is enough for living, and that having one when there is no one to live with is just a burden. Mr. Hong-cheol from Guri, Gyeonggi Province, signed up for a housing pension plan eight years ago after much thought, where he would use his house as collateral and live in it for the rest of his life while receiving a pension. He decided that if he sold his house and moved to a smaller house, he would have some money left, but he would not be able to live to be 100 with that money. Mr. Ki-ho from Paju, Gyeonggi Province and Mr. Yoon Seong-ho from Daegu, Gyeongbuk Province also downsized or sold their houses to respond flexibly to their longer post-retirement lives, and opened a second act in their lives that suits them. ■ Rethinking the 100-Year-Old Era! Old wine does not age. Experts say that a couple needs at least 700 million won to retire. However, how many people can actually prepare this amount? Until the age of 40, there is no room to save because you have to buy a house and raise children, and once you reach your 50s, you can only work for 10 years at most! Even these days, with the number of early retirees increasing, life after retirement is bleak. So, what should we do with our lives after retirement? People don’t say that old wine is old. Isn’t life after retirement also a matter of our minds? It is up to each person whether to be trapped in their home or to break free from the shackles of their home. However, if a home has value beyond assets and is used preciously to open the second act of life, isn’t that the best home? KBS Special will take time to think about each person’s home through the cases of retirees who own only one home and have no way out. ※ This video is [KBS Special - Retirement Fear! Can I Trust My Home?] that aired on April 28, 2016. #Old age #Real estate #House price ✔KBS Documentary KBS Official YouTube Channel [KBS Documentary] ????Subscribe????Like➡️ / @kbsdocumentary ????Contact: [email protected] Copyright ⓒ KBS. All rights reserved. Unauthorized reproduction, redistribution, and use (including AI training) are prohibited. ∙Unauthorized reproduction, redistribution, and use (including AI training) are prohibited. ∙The current situation and content may differ somewhat depending on the time of broadcast. ∙Defamatory and malicious comments may be deleted by t

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