Housing Market - Mortgage debt as a share of the housing stock in America is at its lowest in 60 years [1] - This situation is a cause for concern for the industry [1]

Monetary Policy - The Bank of Korea maintained its benchmark interest rate to prevent a housing market rally [1] Financial Stability - Concerns exist that a housing market rally could lead to financial imbalances [1] - Rising mortgage debt levels are a potential threat to financial stability [1]

Mortgage Debt Trends - People over 70 in America hold more outstanding mortgage debt than those under 30 [1] - Historically, younger individuals acquired debt for homeownership and family raising [1] - Individuals over 70 were expected to have already paid off their mortgages [1]

Market Intervention - South Korea introduced new measures to control property prices [1] - Previous measures were insufficient to cool demand [1] Economic Concerns - Central bank is concerned about rising mortgage debt levels [1]

Housing Market Analysis - Pre-2008, home equity was approximately 38% higher than mortgage debt [1] - Currently, home equity is 156% higher than mortgage debt [1] - The US housing market is considered fundamentally flawed [1] Capital Allocation - Capital is misallocated within the US housing sector [1]