In the credit-based economy, the relationship between wages and consumer spending isn’t a linear one.
Homeownership is on the decline, leading to a scramble for rentals.
It's partly a legacy of Franco's aggressive post-Civil War housing regime.
At least among wealthy countries.
And it's keeping the country's banking system in shambles.
And where people are miserable.
It's because unlike in the U.S., borrowers can't just walk away.
No other country in the world rents housing the way South Korea does.
The risky business of becoming a company town.
There are huge variations in bicycle safety, country by country.
The country is awash in ghost towns.
A brief, whirlwind tour.
How is this possible, given the muted gains consumers have seen in their incomes?
The generalized collapse of the country’s economy continues.
The fascinating historical reason why a quarter of the country's home loans are in some kind of trouble.
The latest measure from the S&P/Case-Shiller home price indexes shows an 8.1 percent year-over-year increase.
The jump in jobless claims this week looks an awful lot like the one post-Katrina.