As I passed through the alley, I felt the desire of residents to quickly change to a good environment like other surrounding areas, CEO Jang said. "As I feel the difficulty, the government will announce a strong real estate regulation policy at a time when the business is speeding up, and residents will be worried that their efforts so far will come to nothing."
"What is needed now is not an apology for (the ruling party's) absurd remarks, but a change of direction on the policy," he said. "The term 1.5 billion apartments for ordinary people (as mentioned by Rep. Bok Ki-wang of the Democratic Party of Korea) tells us that it is not a wrong choice, but that the real estate policy standards are wrong."
Mayor Oh was very concerned that the Oct. 15 real estate measures would serve as a hindrance to the reorganization project. "The Seoul Metropolitan Government reduced the maintenance period, which had taken 18 years and six months on average, to 12 years by squeezing dry towels," Mayor Oh said. "However, as government regulations impose restrictions on loans, even if the project is redeveloped, it will not be able to sell even if it is redeveloped, which is feared to delay the maintenance project. We will use our negotiating power to the fullest and reduce your concerns as much as possible."
The People's Power Real Estate Policy Normalization Committee also said that easing regulations on reconstruction should be the top priority in real estate policy. Song Eon-seok, the floor leader of the party, said, "Of course, the government should increase supply so that we can live better apartments and better lives. The October 15 real estate measures are a Seoul deportation order to "don't think about buying a house anymore," adding, "We need to ease the requirements, expand the target area, and simplify the process for redevelopment and reconstruction projects."
"For three years, the leader of the 'Rebellion Party' stood idly by, doing nothing about housing supply. Then, just as the market was beginning to stabilize with a modest upward trend, they lifted restrictions on regulated zones—triggering a full-blown surge.
The fact that they're acting like this is utterly bizarre.
Unless they're psychopaths or sociopaths, I simply can't comprehend how this is even possible.
The more I see of them, the angrier I get."