Feb 22 • 00:43 UTC 🇰🇷 Korea Hankyoreh (KR)

President Yoon: Strengthening Regulations on Multiple Homeowners Will Lead to Rent Increases? ... A Miracle Logic

President Yoon criticized claims that tightening regulations on multiple homeowners would increase rental prices, calling it a 'miracle logic'.

President Yoon criticized opposition parties and some media for suggesting that the government's tightening regulations on multiple homeowners would lead to increased rents, labeling such reasoning as a 'miracle logic'. On a social media post, he countered that if multiple homeowners sell their properties to meet the new regulations, it would not necessarily decrease rental supply as assumed by critics. Instead, he suggested that the demand from non-homeowners would also decrease as fewer people would be looking for rentals if fewer houses are available.

He further argued that increasing multiple homeownership and rental business opportunities would not stabilize housing for ordinary citizens. He called the idea that tightening regulations leads to rent instability as fundamentally flawed, asserting that real estate polarization is exacerbated by incentives for multiple homeowners, which the proposed regulations seek to address. The notion that limitations on landlords will worsen rental supply is misguided and serves to protect the interests of multiple homeowners instead.

In concluding remarks, President Yoon noted that the media's alignment with certain political narratives can undermine the government's efforts to stabilize the real estate market. He called for a focus on addressing speculation in real estate, emphasizing that resolving this issue is a priority to restore fairness and stability in housing access for all citizens.

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