[사설] Because of the failure of real estate policy, only the people were bent.

Amidst the failure of the Moon Jae-in government’s real estate policy, household debts have risen significantly, and’thunderbolts’ appear one after another, this time the published price shock hit our society. The public announcement price of apartment houses nationwide this year rose by an average of 19.08%, the highest since 2007 (22.7%), the end of the Roh Moo-hyun administration, when the controversy over the tax bomb was heated due to the surge in real estate prices. In Seoul (19.91% on average), Nowon-gu rose 34.66%, and the so-called’Nodo River’ in the Gangbuk area, where the price of mid- to low-priced apartments rose more than Gangnam-gu (13.96%), where there are many high-priced apartments. According to the government’s’Roadmap for Realization of Listed Real Estate Prices’, the rate of application of the publicly disclosed price to the market price was raised to 70.2% (69% last year).

In addition, the number of administrations of the Democratic Party also surged in Sejong City last year due to previous comments. According to the publicly announced price plan released by the government on the 15th, Sejong rose a whopping 70.68%. The picture shows a real estate in Sejong City last year when real estate prices were high. [중앙포토]

In particular, Sejong City rose a whopping 70.68%. The reason why the Ministry of Land, Infrastructure and Transport has soared enough to describe it as “extraordinary” is due to the increased demand for speculation as the Democratic Party deliberately raised the issue before the National Assembly. It is a symbolic example that shows that every time the ruling party makes a fuss about picking up votes in a specific area as well as real estate policy, it leads to a surge in real estate prices.

As such, the Moon government has been crushing the national house prices, but the damage must be borne by the people intact. The publicly announced real estate price is an indicator that is the basis for the imposition of various taxes such as property tax, and as the publicly announced price rises, not only the possession tax (property tax and comprehensive real estate tax) but also the burden of health insurance premiums jumped. In Seoul, for example, after reflecting this disclosure, one of the five households will have a disclosure price exceeding 900 million won, and many of the 66m2 (20 pyeong) apartments in Gangbuk will also be subject to taxation. It is said that the jongbu tax, which was wielded to catch the rich in Gangnam, has also increased the burden of middle-class households.

In addition, out of the 8.2 million households with local health insurance, 1.27 million households have health insurance premiums. According to the data submitted by the National Health Insurance Service to the National Assembly in 2019, a 30% increase in the public price increases the average health insurance fee for local subscribers by 13.4%. Particularly, retirees who have only one house without a fixed income are hit harder. It is difficult to bear the rise of taxes based on unrealized profits, because there is a high likelihood that the various benefits that have been enjoyed will not be received. In fact, about 18,000 retirees, who were dependents of the employees at work, will have to pay a new health care fee of about 120,000 won a month from November. The government plans to expand property deductions when calculating health insurance to relieve some of the burden, but it has become difficult to avoid criticism that it will only cause tax bombs to the people after raising the price of the house to the ceiling.

The government hopes to revisit the overall real estate policy as well as revisit the statistics of the lost real estate with the calculation of this disclosure price. Statistics from the Korea Real Estate Agency Last year, the rate of increase in apartment prices in Seoul was 3.01%, and Nowon-gu was 5.15%. Based on this, it makes no sense to cry out for “real estate stability” and post the public announcement saying “to the current generation”.