"A kid who is less than 10 years old bought 15 units"...Amount of purchase of underage homes over the past year [Y Record]

■ Host: Anchor Lee Jung-seop, Anchor Cho Ye-jin
■ Starring: Professor Heo Jun-young, Sogang University's Department of Economics

* The text below may differ from the actual broadcast content, so please check the broadcast for more accurate information. Please specify [YTN News START] when quoting.

◇ Anchor> I think I'm very interested in real estate issues in Korea. The results of this survey came out. It is said that a child who is less than 10 years old bought 15 houses, is this the story of our country?

◆Huh Joon-young> According to the report, there was a minor who owned 21 houses in Gyeongnam, and it turned out that he was under 9 years old. I think he's living in Seoul right now, but there are minors who own 22 real estate. Recently, if you limit it to six years, the average number of homes purchased by minors is about 540 per year. It turns out that the purchase amount is close to 100 billion won. The first question is, where did these things come from? So the first way is through what financing method we bought this. I don't think a nine-year-old would have made money to buy it. And secondly, the second question is, why are you doing this, and I think there are a few things that come to mind about the second question.

One is that there must be speculative demand. The second is tax savings, and the comprehensive real estate tax in Korea is individual taxation. It's not a household tax. For example, if you two own two houses, this is not a multi-homeowner due to individual taxation in the comprehensive real estate tax. In that respect, for those who have one or two or three houses, I think that there is some intention to save taxes, but if there are more than 10 or nearly 20 houses, this is actually a very high demand for speculation rather than tax savings.

◇Anchor> As you said, the inheritance of assets using parental opportunities is something that can be noted, so polarization and other ordinary people who see it tend to feel relatively deprived. In a capitalist society, it is not illegal to have your own assets and hand them down. I think you should be concerned about such things as expedient donation.

◆Huh Joon-young> That's right. When I looked up the article, there was the same article this time last year. There was the same article this time last year. What are you talking about? In the end, time is passing and nothing changes. Then in the end, wouldn't there be something we need to do here? In fact, I'm not only saying that these things are going wrong in policy, but I think there should be a response to these things, whether there are any illegal elements.



Excerpted from the conversation: Lee Sun, editor of the digital news team

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