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Democratic Party lawmaker Jin Seong-joon argued that the cause of house prices skyrocketing was “a strong market failure, not a policy failure.” In the past, Congressman Jin was at the center of the controversy with his comments: “But the house price will not go down.”
On the 7th, Congressman Jin told KBS Radio ‘Kim Kyung-rae’s Strongest Breakthrough’: “The government has never made a policy to increase house prices and has implemented a policy to increase house prices. “. “Because the impact is so great, we have been using very biased policies called the pincer policy.”
“Rather, because of this, the balloon effect appeared in other regions and the general house price has shown this limit,” he said. “Based on the last 7 · 10 real estate measures, we began to take more comprehensive and fundamental measures, and this policy coherence is maintained.” I think it is very important to stabilize the real estate market. ”
Rep. Jin continued, noting that the supply of housing is insufficient, “they are always talking like a parrot saying: ‘You should not try to beat the market, but since the market works according to the laws of supply and demand, you can increase the supply. That said, however, the real estate market is not necessarily a market where the laws of supply and demand work as they are. ”
He said: “Is it possible to create a house or apartment at will? Even if we want to supply enough, it is a problem of land and period restrictions,” he said. “The housing supply rate reaches 104 ~ 105%, which exceeds the number of households, but the self-ownership rate is only 58%. Even if 10 million units are supplied, the reality of the real estate market is that the people who own houses are also owners and do not go to the homeless ”.
Finally, Congressman Jin said about candidate Byeon Chang-heum, Minister of Lands, Infrastructure and Transportation, “” In the case of nominee Byun Chang-heum, it is no exaggeration to say that he is the highest authority in the field of planning. urban and any dwelling in Korea. “I believe that the policy stance will remain consistent, as we have been critically involved in the establishment and enforcement of the government’s property policy.”
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