United Future Party "Government promised to control real estate... but only removed the housing ladder for 3040 generation"

Minister of Land, Infrastructure and Transport Kim Hyun-mi is making an announcement regarding real estate regulation measures at the Government Seoul Office in Jongno-gu, Seoul on the 17th. Photo by Kang Jin-hyung aymsdream@

[Asia Economy Reporter Lee Ji-eun] The United Future Party criticized the government's June 17 real estate measures, saying they "have taken away the housing ladder for people in their 30s and 40s."

Kim Eun-hye, spokesperson for the United Future Party, stated in a commentary on the 19th, "The government, which claimed to curb real estate speculation, ultimately only crushed the dreams and hopes of ordinary people who want to own a home."

She pointed out, "Throughout the Moon administration, Seoul and the entire metropolitan area have suffered from soaring housing prices and instability," adding, "The government's real estate policy has only produced the side effect of a balloon effect, where pressing down on one area causes another to inflate."

Spokesperson Kim said, "The problem with this policy lies above all in kicking away the housing ladder for the 30s and 40s generation who want to buy their first home," and criticized, "It dismisses the dreams of young people without financial power, who usually purchase homes with jeonse deposits, as mere desires of speculators."

She emphasized, "Do not force people to live as carp, frogs, or crayfish instead of becoming dragons in a warm stream," and pointed out, "This government's real estate policy infringes on property rights and freedoms guaranteed by the Constitution."

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