President Lee Jae-myung again emphasized that the direction of real estate policy is "normalization."
On the 14th, the president said on social media that the government "only seeks to normalize the real estate market and does not force anyone to sell their homes." He also shared remarks from the previous day in which People Power Party leader Jang Dong-hyeok said to President Lee Jae-myung, "Stop the real estate intimidation against the people and listen to the people's voices."
The president explained that "it is fair to protect owners of owner-occupied dwellings, but to impose corresponding responsibility and burdens on those who own investment or speculative dwellings they do not live in, or who own multiple dwellings, because they harm young people without homes and ordinary people."
The president said, "The idea is to reclaim the privileges held by multiple-home owners seeking excessive unearned gains beyond legitimate investment revenue, and by owners of investment or speculative dwellings they do not live in, and to strengthen corresponding burdens and responsibilities in taxation, finance, regulation, and supply so that the real estate market is normalized like in advanced countries."
He added, "In a normalized real estate system, it is fine to own several homes as collectibles or for display, even while accepting economic losses," and said, "Whether to accept losses or make a better choice is up to each person's freedom."
Along with this, the president drew a line by saying he is a single-home owner and not a multiple-home owner. He said, "It is a dwelling I will return to after retirement," and added, "The presidential residence is not privately owned, so please do not treat me as a multiple-home owner."
He added, "Recommending the sale of multiple homes does not mean telling people to sell even the home they live in and become without a home, so I will decline criticism from multiple-home owners such as 'Why don't you sell your home?' and 'If you sell, I will sell too.'"