ISSN : 1225-6706
In this study, I perceived that current Chun-Sei crisis has been rooted from the boom-depending Ownership Society Strategy. For the proof of this view point, at first I suggested a new theory, Liquidization of Capitalized Rent, which could explain the boom of housing price using by new concept of Non-Real Money. And then, I scrutinized the paradox of Bush administration’s Ownership Society Strategy. After verifying that Lee administration’s housing policy is also the boom-depending Ownership Society Strategy, I verified the causal relationship between this Strategy and Chun-Sei crisis.
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