US EditionLee Steps up Verbal Warning Against Owners of Multiple Homes
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2 Articles
Lee steps up verbal warning against owners of multiple homes
President Lee Jae Myung said Tuesday that owners of multiple homes should not avoid risks and responsibilities associated with their investments if housing prices are normalized, stepping up his verbal warning against them. Hardening his resolve to stabilize the overheated housing market in the Seoul metropolitan area, Lee shared a link to a news report that pointed to weakening market expectations for housing price increases. "People know that …
President Lee Jae-myung reiterated his warning against speculation on multiple homes, urging people not to oppose the government. President Lee Jae-myung stated on the 24th that while normalizing the real estate market is difficult, it's easier than clearing illegal structures in valleys or normalizing the stock market. On the same day, President Lee tweeted, "Presidential pressure on multiple homes has worked. Housing prices will rise."
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