Nak-Yeon Lee “Real Estate Policy Retrospection Needs New Approach” … Seems Likely to Promote Tax Reduction for Long Term Home Owners Real Residents

Entry 2020.10.19 19:38 | Revision 2020.10.19 20:41

“Hope for those who want a home”
Tax mitigation order for residents of a home
Composition of the ‘Future Housing Promotion Team’
“From the on-site inspection of the previous and monthly rental”

In addition, the representative of the Democratic Party, Lee Nak-yeon, said on the 19: “Residential countermeasures are the most important public welfare task. We must start a new approach from reflection on real estate policies.” This is the first time that the word ‘reflection’ has appeared in relation to real estate policy by the party leadership. Lee, who served as the first prime minister of the Moon Jae-in administration, was interpreted as actually acknowledging the failure of the current government’s real estate policy. After the revised lease law pushed by the ruling ruling party was implemented, he seems to be aware that the jeonse crisis has spread not only in the Seoul metropolitan area but also nationwide.

At the party’s Supreme Council meeting in the morning, Lee announced that he would promote a real estate policy that would increase supply to meet various housing demands and ease taxes for residents who have long-term homes. Representative Lee presented three principles of housing measures as ‘Hope, Peace of Mind and Responsibility’, and said: “A person who gives hope to those who want to own a home for the first time or who want to have a new home, and to those who live long term and they want to make a lot of money from their home. I will take responsibility for it, “he said. Rep. Lee continued, “The demand for housing has become higher and more diverse than in the past,” he said. “Advanced and diversified demand cannot be solved with the conventional concept of a home penetration rate.”

The government and ruling party saw that the nationwide housing penetration rate has exceeded 100%, so the reason for the increase in house prices is due to speculative demand, not supply. For this reason, the current government’s real estate policy focused on regulating people with multiple households rather than supply, and was relatively passive in supplying new homes. In order to protect the relatively weak, more attention was paid to the protection of the tenant than the landlord and, as a result, a controversy arose about the violation of property rights. However, on that day, CEO Lee spoke of a story that could be seen as an acknowledgment of the failure of the current government’s real estate policy.

Representative Lee launched the ‘Future Housing Promotion Group’, an organization dedicated to the development of real estate policies in the party, and appointed Representative Jin Seon-mi, head of the National Land Transportation Committee of the National Assembly, as head of the promotion. Representative Lee said, “The advocacy team will increase the responsibility of state and local governments for future housing and expand housing advertising to provide an innovative alternative to alleviate public anxiety and dissatisfaction.” He said.

Representative Lee’s mention of “reflection” and a “new approach” to real estate policy despite concerns about the “originality” of the party appears to have judged public dissatisfaction with real estate policy to be great. The Democratic Party approval rating for the second week of October announced by Real Meter (95% confidence level, ± 2.0% sampling error points) was 32.2%, 3.4 percentage points lower than the last week. This is the lowest level since general elections 4-15.

As President Lee said, it is very likely that the party will take the lead in real estate policy for now and propose alternatives. However, in the real estate industry, there are also concerns that Lee Nak-yeon-sik’s so-called real estate policy will be limited to a retouch-type recipe. As CEO Lee said on the 16th that “the jeonse problem is growing”, there are observations that it is possible to devise wrong policy while focusing only on solving ‘pregeneration’. Last 4⋅He has promised a policy to ease the comprehensive property tax for a homeowner before the 15 general election, but what has not been done also reduces confidence in the policy. It may stop being an empty fire before the re-election of the mayors of Seoul and Busan in April next year.

A Democratic Party official said: “As the voice of the field cannot be immediately reflected in government policy, the purpose of supplementing it” said: “The party is deeply concerned about the decline in the approval rating. Opinions have been raised. within the party that it is necessary to actively respond to the real estate problem. “I said.