“I’ve only lived in a house that’s only the size of a bean”

Real estate public sentiment’buzzlingly’ on soaring public prices… Sejong 71%↑
Some say, “It is natural to pay taxes as much as the price of the house rises.”
Experts Concern “The People Can Feel Frustrated and Deprived”


The appearance of apartments and buildings in downtown Seoul. Photos are not related to specific expressions in the article. [이미지출처=연합뉴스]

[아시아경제 허미담 기자] # Officer Kim Mo (36) sighed over the tax burden caused by the recent surge in public prices. He said, “Who asked me to raise the price of the house? I picked up the price of the house because of a policy failure, and the official price was also ridiculously raised,” he said. “If the house price goes up and you have to pay more taxes, if the house price goes down, will the government return the tax?” He said, “It seems like everything is going up except for my salary. I can’t move anywhere because the price of the house has risen, so it’s really depressing.”

As the publicly announced prices of apartment houses nationwide soared nearly 20% this year, citizens’ worries about the’tax bomb’ related to real estate such as the comprehensive real estate tax are growing. In particular, although the tax burden for holders of less than 600 million won in the official price will not increase, the tax burden such as property tax is expected to increase for owners of 900 million high-priced apartment houses and multi-homeowners.

In this situation, it is pointed out that the government, which failed to catch the surge in house prices due to the failure of real estate policy, is only increasing the tax burden. Experts feared that the public’s feelings of frustration would be greater if the publicly priced price surged in a situation where trust in real estate policies had collapsed due to the Korea Land and Housing Corporation (LH) crisis.

According to the’Public Housing Public Price Proposal’ released by the Ministry of Land, Infrastructure and Transport on the 15th, the national average public housing price increase this year was 19.08%. This is the largest increase in 14 years since 2007 (22.7%), more than three times the increase rate last year (5.98%).

According to the published price plan, Sejong City recorded an average increase rate of 70.68% in the public housing price this year. Next, 10 cities and provinces, including Gyeonggi (23.96%), Daejeon (20.57%), Seoul (19.91%), Busan (19.67%), and Ulsan (18.68%), recorded double-digit increases. The published price plan is finalized on the 29th of the following month after a procedure for listening to the opinions of the landlords from the 16th.

The published price is the basis for leviing taxes in 60 fields, including possession tax, health insurance premiums, and calculation of basic pensions. If the published price increases significantly, the tax burden such as property tax and comprehensive real estate tax imposed on the basis of the published price is also increased. Weighted.


A view of an apartment in downtown Seoul. Photos are not related to specific expressions in the article. [이미지출처=연합뉴스]

As such, the reaction of citizens against the surge in publicly announced prices continues in the real estate community. They pointed out that the increase in the published price was too large compared to the increase in house prices, and said that obtaining a house is useless.

One netizen, who said that he lives in Sejong City, said through the real estate community, “There seems to be a problem with raising the public price so much while stabilizing the house price. The rate of increase in public prices in other regions is 10-20%, but only in our region is 70%. I understand. “It doesn’t work,” he confessed.

Another netizen also said, “I think I will have to tighten my belt to pay taxes this year. I have only lived in a house with only beans, but I don’t know what to do,” he said, “I feel like making money to pay taxes.”

In particular, the increase in the public announcement price comes even more significantly to retirees who cannot afford to pay taxes. They complained of the burden of ownership tax, etc., and claimed that they had prepared a house with the money they had accumulated over their lifetimes, but such a treatment was harsh.

A netizen who lives in a self-owned apartment in Seoul after retirement from work confessed, “I am worried that I do not have a fixed income, but I am worried that taxes will rise. Also, I am more worried as the public price rises too quickly.”

However, some pointed out that it is natural to pay taxes as the house price has risen. One netizen said, “I’m also a citizen of Sejong, but it’s natural that the house price has more than doubled, but the publicly announced land price should be raised in proportion to it?” I don’t understand why I’m having it,” he pointed out.

Experts pointed out that in a situation where trust in real estate policy has collapsed due to the LH crisis, and the burden of holding tax increases, the frustration of the people will be great.

Dankook University economics professor Kim Tae-gi said, “Amidst LH is currently a hotbed of corruption and corruption, the rate of increase in public prices has risen. There is inevitably a strong backlash from the people. Especially in the case of retirees who do not have income, the backlash will be more severe. “We can express anger over real estate policies, beyond frustration and loss,” he said.

Reporter Mi-dam Heo [email protected]

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