Ahn Cheol-soo: "President Moon Should Apologize for Real Estate Policy Failure"

"Replace Key Policy Failure Figures Including Blue House Policy Chief"
"Adjust Mortgage Loan Ratios for Non-Homeowners to Reflect Reality"
"Be Cautious in Reducing Benefits for Rental Business Operators"

[Image source=Yonhap News]

[Asia Economy Reporter Lim Chun-han] Ahn Cheol-soo, leader of the People’s Party, criticized President Moon Jae-in on the 9th, saying, “He must sincerely apologize to the people for the comprehensive failure of real estate policies,” and added, “It is disrespectful to the people to call ministers and shift responsibility without even a minimum apology for the twenty-one policy failures that caused frustration and deprivation to countless citizens.”

At the Supreme Council meeting held at the National Assembly that day, Ahn said, “Those responsible for the policy failures, including the Blue House Policy Chief, the Minister of Land, Infrastructure and Transport, and senior multi-homeowner officials of the Blue House, including the Chief of Staff who mocks their own policies, as well as multi-homeowner ruling party lawmakers, must be held accountable,” and added, “The main culprits of the policy failures must naturally be replaced.”

He pointed out, “The failure of real estate policies is not simply a failure of individual policies but a comprehensive failure of national governance,” and said, “This administration claimed to control housing prices with seemingly plausible pinpoint regulations. However, the result was that they failed to remove the white hairs but ended up plucking many innocent black hairs.”

He continued, “Young people have lost hope of buying homes, and ordinary citizens have been unfairly labeled as speculators,” adding, “While the real speculators laugh at the loopholes in laws and systems and fatten themselves, the majority of citizens who trusted the government’s call to ‘sell their homes’ are shedding tears of frustration and anger.”

Ahn criticized, “The government’s measures are all about regulation and tax increases. The problem is that housing prices cannot be stabilized by regulation and taxes alone,” and said, “The lower and middle classes, who cling to the very end of the social mobility ladder after a lifetime of hardship and struggle daily, suffer the most.”

Ahn stated, “The behavior of the administration and senior multi-homeowner officials is no different from when many citizens stayed believing the government’s words to defend Seoul, but they themselves fled to safe places and then blew up the Han River bridges.”

Ahn requested, “Along with heavy taxation on speculative multi-homeowners, please open the way for the homeless and first-time homebuyers to secure their own homes by adjusting the mortgage loan-to-value ratio realistically,” and said, “Even if the mortgage loan ratio is increased, side effects can be minimized by imposing conditions such as mandatory annual principal repayments at a certain rate.”

Ahn urged, “Please be cautious about reducing benefits for rental business operators, which is currently controversial. This issue is not simply about real estate measures but about trust in the government,” and added, “Instead of making excuses that the previous administration increased rental business benefits, long-term measures that take ten years and immediate solutions to housing demand must be presented.”

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