United Future Party's Fierce Attack on Moon Administration's Real Estate Policy: "Scarecrow Empty Talk and Castle in the Air"

[Image source=Yonhap News]

[Asia Economy Reporter Lee Ji-eun] The United Future Party fiercely criticized the Moon Jae-in administration's real estate policy as a 'scarecrow empty talk' and a 'castle in the air.'

Kim Eun-hye, spokesperson for the United Future Party, said on the 3rd, "It has only been a few days since the minister said that the real estate policy is fully functioning, but the president's urgent directive shows the reality that the consistency and trust in the Moon Jae-in administration's real estate policy have been lost."

She pointed out, "A government policy that has lost trust is a castle in the air built on sand," adding, "It is fortunate that President Moon partially accepted the opposition's demand for the supply of quality housing, but attention should be paid to how issues such as site selection and the time required until the supply phase will be resolved in the supply expansion policy declared when housing prices have already skyrocketed."

She also criticized, "The regulatory easing to revive urban reconstruction and redevelopment is missing from this measure, raising doubts about how supply expansion in the saturated metropolitan area will be achieved," and added, "This is why there are voices of concern that the next comprehensive policy will include sneaky tax increases such as raising the comprehensive real estate tax and a significant expansion of regulated areas again."

She targeted Chief Presidential Secretary Noh Young-min, saying, "'A smart single house' means Gangnam, as the Chief Presidential Secretary sold Cheongju and held onto Banpo," and stated, "This shows that high-ranking officials in the Blue House have led by example that the freedom granted by the constitution as property rights cannot be crushed by crackdown-style regulations."

Floor spokesperson Bae Hyun-jin also pointed out, "President Moon Jae-in should apologize," adding, "What use is an apology that is merely a gesture by Lee Hae-chan, leader of the Democratic Party of Korea, to the people who have been hit by the real estate policy bomb?" Earlier, Lee said at the Supreme Council meeting held at the National Assembly on the 3rd, "The real estate market has been very unstable recently, and I am deeply sorry to the people."

Spokesperson Bae said, "The government and ruling party have already proven multiple times that they are incompetent and cannot do anything without President Moon Jae-in's orders," and criticized, "This is not the time to listen to scarecrow empty talk. President Moon, who handed out 350 pizzas saying 'Let's control housing prices,' should come forward, admit the total failure of the real estate policy, kneel down, and apologize to the people."

This content was produced with the assistance of AI translation services.