Democratic Party Tolerates Criticism Over Real Estate Measures

Contributing sentiments towards policy:

56% : On this day, while announcing regulatory measures, the government hinted at the possibility of adjusting holding taxes, including comprehensive real estate holding tax and property tax.
53% : This is interpreted as a signal that, although the government has approached tax increases cautiously, it will consider additional measures if market overheating persists despite stringent regulations.
53% : " Regarding this, a Democratic Party lawmaker on the National Assembly's Strategy and Finance Committee said, "The Deputy Prime Minister for Economic Affairs had also mentioned considering tax measures as a last resort," adding, "Since the government has not presented specific plans, discussions within the committee have not yet begun.
52% : " While supporting the government's policies, the Democratic Party is closely monitoring public sentiment in the capital region, where "real estate fatigue" has accumulated.
52% : However, the government has now shifted its stance, indicating, "If necessary, tax adjustments can be reviewed.
49% : " Kim, the floor leader, met with reporters and said, "We have comprehensively analyzed the problems that have occurred and presented measures.
48% : Lee Jun-seok, the Reform Party leader, also pointed out, "Through real estate policies, the Lee Jae-myung administration has declared the start of Moon Jae-in Government 2.0," and "real estate policies focused solely on taxes and regulations are beginning again.
44% : President Lee had previously stated during his presidential campaign, "I will stabilize prices by increasing supply rather than suppressing demand through taxes."
43% : On the 15th, as the government announced its third real estate policy since the inauguration of the Lee Jae-myung administration, opposition parties immediately unleashed strong criticisms, including "real estate market martial law" and "declaration of Real Estate Moon Jae-in Government 2.0." Jang Dong-hyeok, the People Power Party leader, criticized at an emergency press conference, "Reducing loan-to-value ratios for mortgage loans for property purchases has blocked young people, ordinary citizens, and newlyweds -- actual demanders -- from achieving homeownership," adding, "This is a policy that will ruin housing prices."
40% : This is because, with only about eight months left until next year's local elections, strengthened regulations could backfire.
40% : " A non-capital region lawmaker also said, "Although current regulations are considered somewhat strict, housing prices are rising so rapidly in reality that only measures of this scale can curb them," adding, "If we do not implement something like a land transaction permit system, we will inevitably be criticized as 'Moon Jae-in Government Season 2,' which the party greatly fears.

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