Taiwan’s political parties urged to address soaring housing prices

Taiwan News
Date: 2019/08/26
By:  Central News Agency

A group of housing rights activists on Monday called on all political parties to put forth concrete policies for dealing with the issue of high housing prices in Taiwan.

At a press conference to mark the 30th anniversary of a historic protest in Taipei against unaffordable housing, Peng Yang-kai (彭揚凱), a spokesperson for the Housing Movement, said that three decades later housing prices have continued to rise.

In 1989, when members of the so-called Snails Without Shells Movement staged a huge sleep-out on Zhongxiao East Road, the housing price-to-income ratio in Taipei was 8.58 to 1, Peng said.

That ratio represented the number of years the average person needed to save, without spending on anything else, to buy a house of median value, he said.    [FULL  STORY]