| ▲ | x313 4 hours ago |
| For those who don't know what's going on in Korea, KOSPI is up 3x in the last year and a large amount of HBM employees have made huge amounts of bonus pay. This has led to an insane FOMO frenzy in a society that's already very competitive. Add to that, stock gains in Korea are often used to finance housing purchases (or real estate investment) so many retail investors are scared of being "locked out" of housing (which is a requisite status symbol for dating or marriage) if they're not making the same capital gains others are. Currently Korean social media is full of stories of leveraged day traders who've gotten rich the past year, HBM employees who've made bonuses worth decades of salary (e.g. memes of Samsung employees in luxury cars), etc. Lots of comments along the lines of "everyone is getting rich except me". It's all reminiscent of the crypto frenzy in the US a few years ago but way more intense and concentrated. |
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| ▲ | aunty_helen 3 hours ago | parent | next [-] |
| I wish we had a word for this, where everyone’s getting rich, there’s a run on stocks, but prices of assets are all going up. Some people are missing out completely whereas a select few hoard wealth in other forms. And of course the government starting to notice and trying to intervene. |
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| ▲ | stickfigure 3 hours ago | parent | prev | next [-] |
| > housing (which is a requisite status symbol for dating or marriage I get that culture is hard to change, but it still seems easier than changing the economics. There are men and women out there who presumably are interested in partnering up; at some point you'd think biology will take over irrespective of which achievements have been unlocked. What's stopping them? |
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| ▲ | xboxnolifes an hour ago | parent | next [-] | | You think status signaling isn't part of biology? That it just happened to independently appear in every human culture and many animals that we are aware of? | |
| ▲ | lottin 2 hours ago | parent | prev | next [-] | | Social status is a big part of what makes a person attractive especially if you're a man. | | |
| ▲ | stickfigure 24 minutes ago | parent [-] | | Sure, but - by definition - half the population is below average social status. At least here in the US, those people are still partnering up. | | |
| ▲ | spwa4 10 minutes ago | parent [-] | | Oh, you forget - we lie about social status, including to ourselves. Women and men. And as for what determines status ... first rule of social interaction: you can't ask a woman her age and you can't ask a man his wage (in other words: humans are social animals and "critical" information is only available through playing the social game of deception) So in practice 80% or so of the population is below "average social status". People who don't absolutely need to pair up (historically women can't earn, but require, money and men can't take care of a home/place to sleep, but have to), will refuse to pair up with someone below their signaled social status. In other words: there are TWO average social statuses. First, there is what people believe their own social status is. Second there is what people, on average, see as others social status. In a "natural" human society, it's basically impossible for anyone over 25 or so to "pair up", unless they have a partner, which is not common at all. Since social status ALSO determines the distribution of food, at that point the first real period of weakness (you get sick, you hurt your leg, you ...) is the end. You can delay this by forming cliques, but not by that much. Oh and of course, that has an analog in our society. Look how much a plumber gets paid (ie. it's pretty disappointing), despite the shortage. There are low status and high status jobs, and even where it doesn't make sense they determine pay. E.g. there are a lot of cities with a total glut of lawyers ... it makes no sense to give 7 figure wages for people when 70% of whom can't find work. By contrast there is an incredible shortage of construction workers, and still they're not paid half of a lawyer. In other words: I will kill myself rather than admit I'm low social status, even if it would pay well. Preventing obvious human habits from destroying us seems to me the best reason to really give developing AI your best effort. |
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| ▲ | numpad0 2 hours ago | parent | prev | next [-] | | System of education? The current form of it have nudges and blockers everywhere to stop population explosion leading us all into Soylent Green type situation. | |
| ▲ | readthenotes1 2 hours ago | parent | prev [-] | | I thought Biology drives coupling, not partnering. Porn and 4B divert coupling... | | |
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| ▲ | 3 hours ago | parent | prev | next [-] |
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| ▲ | vasco 3 hours ago | parent | prev | next [-] |
| Housing usually is needed for living. Not a status symbol for dating. I see how it can help the same way as not starving to death will also help with dating, but the framing is odd. |
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| ▲ | x313 3 hours ago | parent [-] | | Referring to ownership, not renting | | |
| ▲ | vasco 3 hours ago | parent [-] | | Maybe rent the wife also, then, if ownership doesn't matter to you. | | |
| ▲ | Mogzol an hour ago | parent [-] | | What are you trying to say, that everyone should own a house? Surely you realize that is not a possibility for many, if not most, young people around the world. |
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| ▲ | anovikov 3 hours ago | parent | prev [-] |
| With housing their being so cheap, what the hell is the problem anyway? It's impossible to have expensive real estate in a country that's dying out fast. |
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| ▲ | timoshishi 2 hours ago | parent | next [-] | | Housing is incredibly expensive. Roughly half of Korea lives and works in the Seoul metro area. The average salary is roughly 40,000 USD and the average apartment (maybe 84 square meters) is over 1 million USD. Government efforts to cool housing inflation have resulted in a 40 percent minimum down payment for a mortgage. Housing in Seoul and much of Gyeonggi is a pipe dream for most | | |
| ▲ | anovikov an hour ago | parent [-] | | Well it's their problem if everyone wants to live in the capital. Perhaps it's another manifestation of people being deeply irrational. |
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| ▲ | Barrin92 3 hours ago | parent | prev | next [-] | | >It's impossible to have expensive real estate no it's very possible because in an aging country people relocate to a handful of cities. 50% of South Korea's population now lives in the Seoul metropolitan area. The real estate that's getting cheaper is the one decaying in the countryside. It's like saying Russia can't have expensive real estate because the country is big, what matters is where people are actually moving. | | |
| ▲ | SturgeonsLaw 3 hours ago | parent | next [-] | | Cities in Australia consistently rank in the top 5 most expensive real estate indices and we ain't short of space here, it's just not many people are interested in living in a dusty Outback desert. And for many, if the property is not within 10km of the Sydney or Melbourne city centre, it might as well be in the dusty Outback desert. | | |
| ▲ | apparent 3 hours ago | parent [-] | | I'd think Starlink will help change this. Not for living in the actual dusty Outback (which has its own risks/dangers/inconveniences), but for living in many other places in Australia that are lovely and not too far from desirable areas. | | |
| ▲ | atwrk 2 hours ago | parent [-] | | Most people want to live where other people live, for reasons ranging from social connections to access to services and infrastructure. I doubt broadband access access plays even a small role. | | |
| ▲ | apparent an hour ago | parent [-] | | Yeah, like I said, not talking about the boonies. There are plenty of lovely places that are >10km from those two cities, but which are still close enough to services and infrastructure. |
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| ▲ | anovikov an hour ago | parent | prev [-] | | But indeed Moscow is one of the cheapest cities to buy housing in Europe... On par with poorer East European capitals and second-tier Central European cities. |
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| ▲ | oefrha 2 hours ago | parent | prev [-] | | Huh? According to https://seoulhomes.kr/en/properties/prices/, in Q1 2026, the average apartment in Seoul sells for ~₩1.2B, ~₩45M per 3.3sqm, that's ~840k USD and ~9.6k USD per sqm or ~900 USD per sqft, in what world is that cheap? Population can age fast while the supply of desirable places to live still doesn't meet demand. |
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