Lee Jae Myung on Housing Policy

Lee Jae Myung's core position on Housing Policy is centered on aggressively curbing real estate speculation, primarily by dismantling tax incentives that favor owning multiple homes. He issued directives to make holding out against the government's stance on multi-home ownership "impossible," warning that the property issue has become a "cancer-like issue" holding back society. This stance is evidenced by his demand for ending the temporary suspension of heavier capital gains taxes for multi-home owners and ordering reviews of loan extension rules for those holding several properties, framing these measures as necessary for societal well-being and to minimize potential long-term damage.

This hard-line approach suggests an evolution in thinking, moving away from previous accommodations toward stricter regulation, a position he has reinforced by personally listing his own apartment for sale to demonstrate commitment. His administration has indicated it is fully capable of implementing the necessary systems, making the current priority a matter of political resolve. He has explicitly stated that policy tools exist, but their non-use stemmed from past political calculations rather than a lack of authority, suggesting a clear intent to use them now to protect ordinary owner-occupiers and promote participation in capital markets over property investment.