Participants are asking for the right to speak at a public debate on real estate policy held at KBS annex in Yeouido, Seoul, presided over by President Lee Jae Myung on the 23rd. [Yonhap News] 사진 확대 Participants are asking for the right to speak at a public debate on real estate policy held at KBS annex in Yeouido, Seoul, presided over by President Lee Jae Myung on the 23rd. [Yonhap News]

The People’s Power launched an offensive against the National Debate on Real Estate Policy presided over by President Lee Jae Myung on the 23rd, saying, “Did you give up real estate normalization at all?”

Na Kyung-won criticized the debate on Facebook on the same day as “a declaration of a socialist new privileged class that the people will bring down real estate loan regulations and enjoy real estate privileges only for themselves.”

Regarding President Lee’s remarks, “Even if we try to do it at the level of advanced countries, we need to triple the holding tax (currently),” lawmaker Na pointed out, “As soon as we sell our house, we are speechless about the duplicity of raising the holding tax to the people.”

He added, “The reality of South Korea, where the brazen ‘lawmaker’ who bypasses real estate regulations that have been created to stifle the people to 1.7 billion private finance, is truly deplorable.”

Rep. Park Soo-young also evaluated the debate on Facebook as “a non-communication show that ignores the mayor and the people.”

Representative Park took issue with President Lee’s remarks, saying, “In the case of reconstruction, the number of households increases, but it does not seem to increase significantly, and in the case of redevelopment, it seems that the total number of residents decreases.”

“President Lee has disparaged the maintenance project, which is the core of urban supply, with absurd logic,” he said. “If we don’t increase private reorganization, where on earth will we supply housing in the metropolitan area?”

Regarding President Lee’s comment on the need to strengthen the holding tax, he also criticized, “It is trying to repeat the Moon Jae In government’s failed policy of trying to catch real estate with taxes instead of supply.”

Choi Bo-yoon, a senior spokesman for People’s Power, also issued a comment, calling the forum a “public opinion show.”

Choi mentioned President Lee’s process of selling apartments in Bundang again, saying, “We only justified the failure of government policy, ignoring screams on the spot and warnings from the market.”

He pointed out, “He trampled on his dream of buying a house by building a wall of harsh loan regulations for the people, but the president himself used a bizarre private loan trick to set up a collateral security worth 1.77 billion won to the buyer while selling a high-priced apartment worth 2.9 billion won.”

“What the people want is not the president’s self-praise debate, but a fundamental shift in real estate policy,” he said.