Ahn Cheol-soo: "President Moon must apologize to the public first before addressing real estate issues"

"Shameless Real Estate Policy Must Be Ended"

[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 7th, saying, “I was dumbfounded and breathless listening to the president’s New Year housing supply plan announcement,” and added, “If you are going to talk about housing issues, shouldn’t you first apologize to the people as a duty to the citizens?”

At the Supreme Council meeting held at the National Assembly that day, Ahn said, “Who is the top person responsible for the administration that took away the dream of homeownership from ordinary people? Who are the people that kicked away the housing ladder and spread the real estate ruin virus throughout South Korea?” He added, “If you want to talk about real estate issues, you must first apologize.”

He said, “They say they will block speculative demand, but in reality, it means they intend to keep the loan market like a winter kingdom. They say they will expand housing supply, but there is no way to make multi-homeowners put their houses on the market without worrying about a tax bomb, no matter how hard you look. Landlords are unfairly treated, and tenants are told that the lease protection law, which they cannot handle the price surge after four years, will be strengthened even more. Do they think housing stability will be achieved just by parroting the phrase without any proper measures?”

He continued, “The fundamental cause of the failure of real estate policy lies in ‘real estate statism,’ where the government tried to control and manipulate all areas such as supply, loans, sales, and monthly rent arbitrarily. Fighting the market, fighting economic principles, ignoring human nature, suppressing market participants with the power of authority, and labeling ordinary citizens who want to own a home as devils who do gap investment?this distorted thinking and perception caused the current tragedy,” he added.

Ahn demanded a bold overhaul of real estate policies, including ▲temporary capital gains tax relief ▲loan regulation easing ▲abolition of unnecessary regulations ▲re-revision of the Housing Lease Protection Act ▲introduction of a household quota system for housing subscription ▲raising the criteria for high-priced housing.

Ahn said, “Many ruling party lawmakers say they must eradicate unearned income whenever they open their mouths. However, no one in this administration says that the unearned income of power holders and high-ranking officials who hit the jackpot with this government’s real estate policy should be recovered first,” and added, “Instead of squeezing innocent citizens, the unearned income of the influential figures holding power in this administration must be returned first.”

Ahn said, “The government raised housing prices, the burden falls on the people, and yet they enjoy enormous unearned income without taking any responsibility?this shameless real estate policy must end now,” and added, “I will do my best to correct the wrong real estate policies and protect the people from the tax bomb.”

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