[Anchor]
President Lee Jae-myung hosted a public debate on real estate policy today (July 23). President Lee pointed out that the preference for a single, high-value home has caused serious problems in society. He also stated that if property holding taxes had been normalized in the past, housing prices would not have risen to this extent, emphasizing the importance of the scope and intensity of strengthening holding taxes.
First, we have a report from reporter Park Yerim.
[Reporter]
During the live-broadcasted National Public Debate on Real Estate Policy this morning, President Lee Jae-myung responded to an attendee asking what the government's primary goal in real estate policy is.
[Yang Ji-young / Private Real Estate Expert: Is the goal market stabilization, a drop in housing prices, or regulating gap investing or multiple homeowners?]
[President Lee Jae-myung: To put my thoughts simply, it is not about forcing prices down.]
President Lee added that the aim is not to ignore market order and control prices, but rather to prevent housing prices from being improperly shaped by abnormal supply and demand.
Regarding the so-called preference for a single, high-value apartment, he pointed out that it has caused serious problems in our society and rather created an opportunity for efficient speculation.
[President Lee Jae-myung: We should respect and protect the one-household, one-home principle, but instead, by treating expensive and cheap homes the same, it ended up enabling people to efficiently buy one home and reap investment profits.]
The discussion also touched on which price threshold should be targeted if the holding tax burden on ultra-luxury homes is strengthened.
[Jung Se-eun / Professor of Economics, Chungnam National University: So, up to about twice the national average. (Shall we view anything over 1 billion won as an ultra-luxury home?) Yes, that's correct.]
Counterarguments against the tightening itself were also raised.
[Kim In-man / Real Estate YouTuber: When you hit ultra-luxury homes, will apartments priced under 1.5 billion won stabilize? If you hit non-occupying and multiple homeowners, those people ultimately end up hitting tenants...]&br />
President Lee stated that the intensity and scope of strengthening holding taxes are crucial, adding that because real estate issues can be fatal if they burst, preparations must be made even if it incurs political costs.
[President Lee Jae-myung: If property holding taxes had been normalized in the past, prices would not have risen to this extent.]
President Lee mentioned that providing unlimited capital gains tax exemptions for single-home owners also appears problematic, bringing up potential measures such as limiting the number of times or total amount of exemptions.
(Video by: Jung Sang-bo, Ha Ryung | Video Editing by: Wi Won-yang)
※
Copying, redistribution, and unauthorized use in AI training are strictly prohibited.