[사설] What is the worst pregeneration … How long will ordinary people say I don’t know?

Residential difficulties for ordinary people are increasingly difficult. According to the monthly house price trend data from KB Kookmin Bank yesterday, apartment rentals in Seoul have increased an average of 37.56 million won (7.5%) in the past three months after the implementation of the new leasing law. It is equivalent to the increase of the previous year and 9 months. In October, the median rent for apartments in Seoul exceeded 500 million won for the first time. In a survey by the Korea Appraisal Board, the price of rented housing across the country rose 0.47% last month, continuing the increase for 13 months. The new leasing law, which took effect in late July as a reason to protect tenants, is fueling Jeonse’s unease. However, the current economic team is pleased to say that “a transition situation in which the new system is being resolved” (Deputy Prime Minister Hong Nam-ki) and “In a few months, the price will find stability” (Kim Hyun -mi, Minister of Lands, Infrastructure and Transport).

It’s been a long time since it was said that “the seed is dry in Jeonse”. The national jeonse supply and demand index, which indicates jeonse supply shortages, was 191.1 last month, the highest in 19 years and two months. This index has maintained its level of 150 in January-April of this year and rose sharply to 180 in August, and the rate of increase is increasing. This is proof that the jeonse-ran that started in the metropolitan area is rapidly spreading to major local cities. In the metropolitan area, apartment complexes that have disappeared for rent are popping up one after another, and in Daejeon and Daegu, the rent for rent increases by 100 million to 200 million won in 2-3 months. In addition, the sale price of homes is also moving.

The government is defenseless. The light is strong, waiting for the demand for the fall moving season to subside without taking any action. President Moon Jae-in said on the 28th of last month, “I will surely stabilize the jeonse market,” but it was just an empty word. The medium-sized public leasing and stock-equipped presale housing recently introduced by the government are insufficient in quantity and it takes at least three years to alleviate the cheonsei crisis. Minister Kim mentioned the plan to extend the monthly rent deduction, but it is not effective.

The jeonse crisis is largely inscribed by the government. As homeowners reinforce their duty to live, more and more homeowners are willing to live on their own. More than 90% of rental housing comes from the private sector, and market confusion inevitably increases as recipes to expand public leases are widely used. The current economic team must be replaced by taking responsibility for the failure of policies. Now is the time to lay out a plan to expand the offering dramatically. The government should revitalize the private rental market by easing regulations, such as expanding commercial rental incentives. The third law of renting a lot of talk and a lot of rides must be completed in a hurry.