Yoon Hee-sook criticizes "President Lee's crackdown on multiple-home owners is vulgar wedge politics"

Former lawmaker Yoon Hee-sook, who is being mentioned as a potential People Power Party candidate for Seoul mayor, on the 13th criticized President Lee Jae-myung for repeatedly describing multiple-home owners on social media as "people who break the rules." She argued this was "vulgar wedge politics based on the calculation that, ahead of an election, attacking the 10% who own multiple homes will please the other 90%."
Posting on social media the same day, Yoon wrote, "At midnight yesterday (the 12th), President Lee Jae-myung once again went after multiple-home owners, harshly condemning them as 'people who break the rules.' He did not say what rules they supposedly broke," adding, "What is clear is that it is the president who has broken his own campaign and real estate-related promises from the last presidential election."
Yoon argued, "The president's crackdown on multiple-home owners is based on a wrong diagnosis from the start," and went on, "Multiple-home owners are not the reason apartment prices in Seoul have risen. Since the Moon Jae-in administration introduced heavier taxes on multiple-home owners, their numbers have steadily declined."
She continued, "By contrast, demand for trading up to what is called a 'one prime home' has been soaking up money from wealthy people across the country," stressing, "That is the fundamental driver of rising home prices in prime areas of Seoul, and even if the president keeps branding multiple-home owners as villains, the problem will not be solved."
Yoon predicted that once the temporary easing of capital gains tax surcharges ends and property taxes go up, properties will be locked up in the market and the heavier property tax burden will be passed on to tenants. She also forecast that if regulations on the jeonse and monthly rent markets are tightened, it will lead to a shortage of jeonse units and a surge in monthly rents.
On this point, she added, "This is exactly the real estate catastrophe we experienced under the Moon Jae-in administration, and it is also the future that lies ahead."
She went on, "In the end, those who suffer most are breadwinners who cannot find a jeonse home and must commute from farther away, and young people whose paychecks hardly leave anything after paying monthly rent," insisting, "President Lee is using real estate as election fuel and inflicting enormous pain on the public."
haeram@fnnews.com Lee Hae-ram Reporter