[단독] Byun Chang-heum, Minister of Land, Infrastructure and Transportation Nominated “House Price Rise Due to Real Estate Community”



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Entry 2020.12.05 07:10 | Revision 2020.12.05 08:49

In 2018, he said that housing prices in Seoul were stabilizing.
“Someone’s anxiety training … online site · class · club”
“If remodeling and rebuilding regulations are relaxed, the cost of the house will go up.”
“The house price bubble after buying and selling a house that was already built”,

When President Moon Jae-in appointed President Byeon Chang-heum of the Korea Land and Housing Corporation (LH) to replace the Minister of Lands, Infrastructure and Transportation, Kim Hyun-mi, a fierce controversy immediately arose. This is because it was known that last August he said: “When comparing the housing policies of the governments of Lee Myung-bak, Park Geun-hye and Moon Jae-in, this government is the best” and “(The policy Moon Jae-in’s government real estate agency is higher and lower.) Lee Hye-hoon, a former member of the Future Integration Party (now the power of the people), assessed that “Byeon is a better person than Minister Kim.”



Byeon Chang-heum, Chairman of the Korea Land and Housing Corporation (LH), responds to a question from a member of parliament during a state audit of the Korea Land and Housing Corporation of the Land, Infrastructure and Transportation Commission held in the National Assembly on October 8. / yunhap news

However, it was revealed on the 5th that Byeon attributed the rise in house prices to the ‘real estate community’ in the Moon Jae-in administration in 2018. It is argued that the real estate community is “a huge network that promotes transactions real estate and raise real estate prices. ” In addition, the claim that the housing supply must be increased to reach the house price was called “a kind of wishful thinking,” and he also argued that the house price is rising because of the mortgage loan. The capital gains tax is not a ‘transaction tax’, but because it is to recover unearned income, he said, “we need to adjust for various reductions and exemptions.”

◇ “The cause of the increase in house prices is anxiety.”

In an article titled ‘How the Housing Market Normally Works’ published in the December 2018 issue of ‘City Troubles’, a magazine published by Korea Local Administrative Mutual Aid, Moon Jae-in Administration described the cause of the rise in house prices, saying, “Online sites or various conferences., Become” community. “House prices are said to have risen due to a gathering commonly known as” real estate community. ” .



Part of the article “ How the Housing Market Normally Works ”, which Byeon Chang-heum, Minister of Land, Infrastructure and Transport, contributed to the December 2018 issue of “ Problems in the City ”.

In this article, he said, “The cause of the skyrocketing house price in Seoul was pitted against the theory of the cause of housing shortage and the theory of the cause of speculative demand.” “This is much more compelling.” “It is not because the current supply of homes is insufficient, but rather the vague sense of anxiety that homes will be scarce is the cause of the recent rise in home prices,” he said. “The problem is that someone creates anxiety and artificially distorts when the information is asymmetric. It is said that it is said.

He said, mindful of criticism that the Roh Moo-hyun administration and the Moon Jae-in administration skyrocketed in house prices, “given that both governments launched themselves at the time when house prices rose. After the real estate deregulation, we had to focus on the policy of stabilizing house prices. ” . He noted that “if the subjects who moved mainly from real estate during participatory government were real estate brokers or abdominals, recently online sites with hundreds of thousands of members, various courses and clubs have been active.” “There is a huge network that influences the market that promotes real estate transactions and drives real estate prices,” he argues.



An apartment in Seongdong-gu, seen from Eungbongsan Mountain, Seoul on the 2nd. / yunhap news

◇ “It is an illusion that the price will go down simply with the supply of the house”

Naejeong Byun argued: “It is a kind of illusion that house prices will stabilize downwards according to the principle of market supply and demand once they are supplied. This is what I said in an article that I contributed to the March 2019 issue of the academic journal Yellow Sea Culture.

In this article, he said, “Even if supply expands, it cannot lead to stable house prices if it is offered at a high price or if the supplied housing is used to meet the speculative demands of homeowners,” he said. “A typical example is the deregulation of redevelopment and reconstruction,” I said. The logic is that “if the price of a house subject to reorganization projects increases at the time the deregulation measure is announced, the price of the house will increase even if supply increases due to a sharp increase in cost as a result “. “We are confirming countless cases where high-priced presale new homes are driving higher prices for neighboring homes.”

Naejeong-ja Byun proposed introducing “publicly owned housing” as a method to “offer housing but not increase housing prices.” He said: “If pre-sale public housing is offered at an inexpensive pre-sale price, a plan needs to be introduced to induce the public to keep advertising by actively setting fire or imposing various conditions rather than privatizing development proceeds.” It is required to be sold only to households with lower median incomes. “



On the listing of a real estate brokerage office in Mapo-gu, Seoul, on October 14. The chartered property disappeared. / yunhap news

◇ “Tax on capital income must be recovered from unearned income … reduction clauses”

In an article titled “ Discussion of the concept of land disclosure and policy design: from the perspective of sharing the benefits of development ” published in “ National Territory Planning ” of the Journal of the Korean Society for Urban Planning and Territorial in April 2019 as a co-author with Professor Seok-hee Lee from Sejong University. They disagreed with the argument.

In this document, Nae Jung Byun said, “The market and academia have long insisted that the property tax should be strengthened and the transaction tax should be lowered in consideration of the real estate tax principle.” “Capital gains tax should be seen as transaction tax and a low tax rate is applied to trigger real estate transactions. There have also been claims from time to time,” he said. He then refuted the above argument, saying: “The capital gains tax is an income tax that is applied to recover the unearned income tax.”

“There is a need for a clear social consensus that a higher tax rate should be applied compared to other income generated by investing in one’s own labor or capital,” he said. “In order to buy real estate for unearned income, or for non-commercial landowners and people with multiple households,” We need to clearly establish the beginning of the middle course. “He also said,” Several exemptions need to be reorganized. ” .

In this work, Byeon also revealed the perception that home loans caused a rise in house prices. “Most mortgage loans are used to buy and sell houses that have already been built,” he said. “Ultimately, credit and money is created, which flows into existing houses and land, resulting in increased house prices and a higher ratio of household debt to income.” Comes out. Typical House Price Bubble “.

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