Get Rich? Or Die Trying!(about threats of real estate speculation in MB`s era)
- 최초 등록일
- 2008.06.12
- 최종 저작일
- 2008.01
- 4페이지/ 한컴오피스
- 가격 1,000원
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Since the sudden rise of real property`s price in 2003, Roh Moo-Hyuns government has focused on strengthening regulations and taxations to relieve the real estate price. No matter how it works, it made the rich and speculators, who think they were privileged feel anger and contempt, and president-elect Lee took advantage by promising reduction and removal over regulations and taxations when he was a candidate. Let alone the question about how these promises will be executed, it is certain that Lee`s executive policies will provide speculators the opportunity. The most controversial policy that Ros government made is the synthesis realty tax. This tax charged 1~3 % to surplus amounts of money exceeding the standard level which is 600 million won. It was expected to level off realty prices by filling up the low rate of property holding tax. However, the tax confronted backlash by the upperclass and was advertised as a tax bomb by conservative parties and journalists. Lee Myung-Bak is already preparing a new law that contains an increase of this taxation`s standard price from 600 million to 900 million won. With this revision, fewer in the upperclass will pay less money for their wealth. It is clearly against the law`s original purpose - to relieve the realty price and reconsider the tax burden on real estate assets. He also pledged a reduction of `LTV` ratio and cancellation of development restricted areas to voters. This means more mortgages will be allowed for a house and some forests will become towns filled with apartments. Nothing is clear about whether these changes will provide equal benefits to people or not. However, its obvious that the reduction of the notorious tax bomb will cause increased selling and buying in the real estate market, even if speculation is in it.
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