On the Internet, there are a lot of articles mocking the real estate speculation of Korea Land and Housing Corporation (LH) employees. Those who believe in the government’s real estate policy and don’t sell or buy a house call themselves’thunderbolt’. This is the result of the strong real estate policy that the Moon Jae-in administration has continued for four years.
A poster condemning the government’s real estate policy is posted at the real estate agent’s office in downtown Seoul. News 1
According to data from the Citizens’ Alliance for Economic Justice, the price per pyeong of apartments in Seoul, which was 21.3 million won in May 2017, was 38.38 million won in January. An apartment worth 640 million won now costs 1.14 billion won. The average rate of increase is 78%. The term “the jeonse war” has also become a common term. Meanwhile, the president’s approval rating, which exceeded 80%, fell to around 40%.
In the early years of power, President Moon showed strong confidence in the real estate issue. At a press conference on August 17, 2017, on the 100th of his inauguration, he said, “The real estate market stabilization measures for the realization of residential welfare for future generations are policies for the basic rights of the people.” This is a statement that reflects his political philosophy of recognizing the problem of real estate as a basic right.
From the beginning, President Moon blamed the real estate issue on the entire government. “In order for the common people and our young people to be liberated from the high housing rent, such as the’crazy jeonse’ or’crazy monthly rent,’ which plagued our common people during the last government, it is necessary to stabilize real estate prices,” he said.
President Moon said that “Because the real estate countermeasures announced by the government this time are the strongest measures that have not yet been taken, I am confident that they will be able to sufficiently capture real estate prices. I have it.”And said.
President Moon Jae-in said at a press conference on August 17, 2017, inauguration on the 100th, “We can get enough real estate prices.” Newsis
All of the’stronger measures’ that President Lee Jung-moon had announced were actually announced. But real estate prices went the other way.
The Moon Jae-in administration has come up with 25 real estate measures so far. 6 times in 2017, 5 times in 2018, 7 times in 2019, and 6 times in 2020. This year, the second and fourth measures were announced. Average 6 times per year. It means that he came up with a’measure in the pocket’ once every two months.
Nevertheless, President Moon’s confidence in real estate did not diminish.
When he was asked about real estate measures on November 19, 2019 in’Conversation with the People’ “I want to assure that our government is confident about the real estate issue”Said. Although the prices of apartments in the metropolitan area, centered on Gangnam, skyrocketed, “Nationally, real estate prices are stabilizing to the extent that they have fallen.”And said.
President Moon Jae-in shakes hands with the attendees after completing “People Ask, 2019 Dialogue with the People” on November 19, 2019. President Moon said, “I want to assure that our government is confident in the real estate problem.” Blue House Photo Reporters
However, the rise in house prices spread across the country. Then, President Moon’s remarks changed slightly.
President Moon said in his New Year’s address on January 10, 2020, just two months after he expressed his confidence again. “The government’s commitment to stabilizing the real estate market, protecting end users and restraining speculation is firm. I will never lose in the war on real estate speculation.”Said. The real estate problem, which showed confidence, has now become a war, and the enemy has been embodied as a speculative force.
In the market, the originality of “housing supply is insufficient” came out, but the government’s policy was focused on “money line” rather than supply. In response to the mayor’s demand, President Moon said, “We will continue to expand the supply of housing at the same time,” and said, “We will make every effort to protect the housing of the common people, such as newlyweds and single-person households.” It was a plan to acquire real estate by supplying rental housing.
July 16, 2020, six months later. President Moon was at the opening speech of the 21st National Assembly “We will actively devise necessary measures while listening to the voices of the opposition parties demanding the expansion of housing supply,” he said. “Please cooperate with the National Assembly as well.”And said. It took three years for the words to listen to the demand for housing supply like this.
However, the focus was still to curb speculative demand. He said, “The best legislative task for people’s livelihood is real estate measures,” he said. We will take all necessary measures to control speculation and stabilize house prices.” In addition, he said, “We will increase the burden of housing ownership for multi-homeowners and significantly increase the transfer tax on market profits.” “I will make it clear that you can no longer make money from real estate speculation.”And said.
On the afternoon of July 25, 2020, participants of the’Retrospective Real Estate Control Policy Opposition, the National Tax Resistance Movement Candlelight Rally’ held in front of the Deposit Insurance Corporation in Jung-gu, Seoul, hold candles. yunhap news
This remark was embodied by the Democratic Party’s enforcement of the’Three Lease Act’. However, the result was a surge in the total set value. Regarding the policy at the time, the Ministry of Land, Transport and Maritime Affairs admitted to the failure of the policy, saying in a 2021 business report on the 16th of last month, “The price of jeonse, which maintained a stable state, rose due to lower interest rates, an increase in the number of households, and the 3rd Lease Act.”
President Moon ended up in the New Year’s address on January 11th “I am very sorry to the people who are very discouraged by the difficulties of housing.”I apologized for saying this. Then he said, “I will not hesitate to prepare necessary measures for the stability of the housing.” “With special emphasis on supply expansion, we will quickly come up with a variety of housing supply plans that can be effective quickly.”And said.
At the New Year’s press conference a week later, “We are trying to come up with special measures in the supply of real estate,” he said. “The goal is to relieve public anxiety about the shortage of supply by specially increasing the supply of real estate far beyond the level expected by the market.” Said. “I’m looking forward to it too”Continued.
Then, the 2·4 real estate countermeasures led by Minister of Land, Infrastructure and Transport Byun Chang-heum was announced. It contains the contents of changing the real estate policy, which used to be a part of regulation, such as the 3rd new city development. However, only a month after the Moon Jae-in administration’s 25th and first measures that declared policy change came out, suspicions emerged that LH employees had engaged in collective speculation on the site of the third new city. It was an incident where public institutions and officials began speculation while President Moon was fighting a real estate war.
President Moon Jae-in, who started on-site inspection of rental housing on December 11, 2020, visits a public rental housing complex in Hwaseong Dongtan, Gyeonggi-do, and hears an explanation of the outline of the rental housing complex from the president of Korea Land and Housing Corporation (LH) Byun Chang-heum, who was the nominee of the Minister of Land, Infrastructure and Transport. News 1
Reporter Kang Tae-hwa [email protected]
