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President Moon Jae-in bowed his head to the public regarding real estate policy.
President Moon said in his New Year’s address on the 11th: “I am very sorry for the people who are discouraged by the housing difficulties.”
This is the president’s first official apology for rising house prices and extreme jeonse.
This is in contrast to President Moon’s assessment of the public two years ago, saying, “Our government is confident in the real estate issue” and “the country is stabilizing to the extent that property prices have fallen.”
President Moon said in his New Year’s speech last year that he will never lose in the war on property speculation. “I have expressed my confidence.
However, in this year’s New Year’s speech, President Moon said, “We will not hesitate to prepare the necessary measures for housing stability. We will place particular emphasis on expanding the supply and quickly develop various supply plans for housing. housing that can be effective quickly. ”
President Moon bowed his head to the public and emphasized the expansion of supply, which is a different line to the existing real estate policy focused on fiscal bombs and regulations, and is fortunate that he admitted that it caused pain and accepted some demands from the market. . .
The government has proclaimed a ‘war on real estate speculation’ and has devoted its best efforts to policies to curb demand, such as fiscal and financial regulations, as well as Law 3 on Leasing.
He announced an absurd policy of renovating hotel rooms and supplying them to houses, while ripping off the frowns by consistently showing public rental shows decorated with tens of thousands of won interiors.
However, the promise to stabilize the housing market was not kept as house prices and jeonse were flying high, showing the highest rate of increase in five years.
Apartment prices in Seoul rose 58% during the three years of the current administration, recording the worst in history, and many young people and ordinary people who were frustrated by the rise in property prices continue to cry and sigh today.
Given this situation, it is worth thanking that the president recognized and apologized for the failure of the real estate policy, which is the greatest issue of public welfare.
Some noted that “a political gesture with the by-election of the mayor of Seoul and Busan in mind in April” and “a reluctant apology to escape the immediate crisis.”
However, it seems that the expression of the president, “I am very sorry”, in a position to convey to the people the philosophy and direction of the state administration in the second half of the term of government, can be considered sincere.
It would have taken a lot of courage for the state leader to admit and apologize for the political failures, even when the heads of general organizations and organizations did not make a mistake and said “I’m sorry.”
The president’s frank apology to the people can be a sedative to ease public sentiment and defuse the anger of the people.
This is the act of governance that communicates with the people.
The more trapped the president is in the former Blue House palace and hears only the rumors of his staff and keeps public sentiment at bay, the power will be broken and inevitably a mistake will occur.
Former National Assembly Speaker Moon Hee-sang, who served as secretary during the participatory government, said: “The president’s words come with responsibility.” The will to must be contained at the same time, “he said.
As President Moon pointed out, the important thing is not to repeat political failures any more.
To do so requires a fundamental change in property policy.
In addition to the high-density development of the station area, semi-industrial areas and low-rise residential areas mentioned by the Minister of Land, Infrastructure and Transport Byeon Chang-heum, the offer of high-quality private housing most desired by consumers in general it must be significantly increased to meet market demands.
If the housing policy stance doesn’t change to be market-friendly, the president’s apology could be rendered useless in an instant.
Sejong, which is counted as a Joseon castle, said, “If a leader does all his heart and strength, what cannot be done?” Jeongjo said, “Don’t worry about running out of time on all things, but I’m doing my best. If you can do it, worry.”
I look forward to the final efforts and determination of President Moon to normalize the housing market.
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