President Lee Jae-myung just declared WAR on landlords—and the housing market is about to EXPLODE.
He wants to SLASH tax breaks for registered landlords who hoard multiple homes for profit, claiming it’s “unfair.” Lee warns this will force them to SELL, unleashing a flood of properties onto the market. That image you see? That’s the cold, calculated statement from his office—a direct threat to the wealthy class.
The numbers are SHOCKING. He shared data revealing registered landlords hold over 107,000 apartment rentals. Forty-two thousand five hundred of those are in SEOUL ALONE. “Far from negligible,” Lee snarls. He scoffs at reports saying selling these homes won’t impact prices, asking how dumping tens of thousands of units WON’T shatter the market.
This is a desperate gamble with YOUR future. While regular families struggle to buy ONE home, multi-property investors have been cashing in on sweetheart tax deals. Lee calls it unfair, pointing to other owners facing massive capital gains taxes soon. His move is a political bomb designed to look like a savior for the little guy.
But who really wins? The government gets to look tough while potentially crashing the market. Who stays silent? The powerful landlord lobby bracing for impact. This isn’t just policy—it’s economic brinkmanship that could leave ordinary citizens holding the bag.
The instability starts NOW, and everyone will pay the price.
Edited for Kayitsi.com
Author: Kayitsi.com
