Chapter 516 – Three Laws of Lease
Real estate market.
〔Tulniang- The older generation that is awake and not stuck in a rut〕
─I don’t understand those who criticize the three rental laws.
─If the government really intended to seize real estate…
─As a person who does not own a home, I am afraid of the three rental laws;;
─They say everyone is going to die now because of the coronavirus
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It is not only the stock market that is affected by the coronavirus.
Real estate has also entered a downward phase.
It definitely had to be that way.
According to market principles, prices should have been stable.
─They say everyone is going to die now because of the coronavirus
The price of the house is strangely difficult to determine
The economy has been in a recession even before the coronavirus
I heard that real estate prices are falling in other countries
Only Korea is going in the opposite direction to a strange degree
Maybe it’s because we really are a people of real estate…
└It’s because of Corona. The US released money
Author− Excuse me, but house prices were on the rise even before the coronavirus
└Is it Buntang?
└The government is doing its best to control real estate, but what can we do if speculators do not listen?
It’s getting noisy again.
Real estate prices are showing signs of rising.
In the meantime, it explodes.
The government announced an unprecedented policy.
Korean Newspaper− “‘2+2 year contract renewal, 5% cap’ housing rental protection law passed by the National Assembly”
Fact News− 「Government: “Jeonse and monthly rents are unstable due to the three rental laws? Housing supply and demand are good and will stabilize.”」
There are bound to be arguments for and against.
Is this really an effective measure?
It is not an area that can be easily concluded.
That’s why more sparks fly.
─As a person who does not own a home, I am afraid of the three rental laws;;
The jeonse price will jump every 4 years.
I’m thinking of buying a house within 4 years
I’m really scared haha…
└If the rent increases by 5% in 4 years, isn’t it lower than the inflation rate?
└Personally, I think this measure was done very well^^
└It is a successful policy even if only speculators are prevented
└It’s a road I’ve never been on before, so I’ll have to open the lid to find out.
This is because I have a criminal record so far.
It is true that it is difficult to trust.
Government’s real estate policy!
Instead of showing any effect, it has only caused a lot of side effects.
─If the government really intended to seize real estate…
From the beginning of the regime, housing supply had to be increased
I think the wrong philosophy that rental housing is enough for the common people has made the situation worse.
Politicians strongly urged people to sell their houses, but they did not sell or donate them to their children or siblings.
So I am skeptical about the current policy
└Looking back now, everything Prop Ik-jwa said was correct…
└I was always in favor, but I’m not sure these days
└Are you trying to reduce gap investment?
└This is a policy aimed at those who own multiple homes. The homeless receive that amount~
Do you really want to set the price of your house?
It is natural for voices of doubt to arise.
But the overall public opinion is overwhelming.
I am leaning toward the yes side.
─I don’t understand those who criticize the three rental laws.
Protect tenants
It seems like a law that kills two birds with one stone by putting pressure on landlords, right?
If the increase is only 5%, speculators will have no choice but to sell since they will not be able to make money from real estate.
└You understood correctly!
└That’s right. The only person who cares about the common people is our president
└Will the market flow so simply?
└Looks like real estate is finally available
Actual consumers of real estate.
There is strong support from middle-aged people in their 40s and older.
It is directly proportional to the government’s approval rating.
I have expectations that I will do well.
─The three rental laws are a policy to secure real estate.
What if real estate prices rise?
Someone has to close their business due to the rising monthly rent
Someone has to lose their home
That’s why you’re implementing a strong policy
It’s a small sacrifice for the greater good, so don’t complain if house prices go down.
└You are right
└I believe that real estate should be public!
└It would be great if everything went like this ideally
└The three rental laws are…, It’s a policy that encourages people to sell their houses, right?
Could it be that the government policy was wrong?
We tend to think in terms of common sense.
The house price will be fixed.
The rental price will also be lowered.
Observations mixed with hope are mainly made.
─But is this correct?
[News]
The rental stock is already drying up
Landlords are also raising their rent prices
If this continues, it is obvious that house prices will rise…
Is this the real estate measure we wanted?
└The fact that Giregi is sending out news like that is a really great measure~
└The only thing they know how to do is write novels
└Are you a member of the opposition party?
└喝(Gal)!!!!!!!
That doesn’t mean criticism doesn’t come out.
Experts are also expressing concerns.
Such opposing public opinion.
It is completely resolved through self-purification within the community.
─There are still many people who do not know what the President means
The President is for the people
There is no way you can support the opposition party and the trash talkers who are criticizing the three rental laws to the death, right?
In other words, it is a really great law
└Let’s not be fooled by rumors and actively support the government!
└Losing one’s faith means death…
└Let’s just keep going like this, everyone!!
└They say the road to hell is paved with good intentions… I hope that the President’s good intentions will not have any side effects
We give you our full support.
I thought house prices would be fixed as the government intended.
* * *
Real estate.
It is an extremely sensitive ‘investment asset’.
‘Yes, it is an investment asset.’
It is not some kind of public good.
The world cannot go on according to the delusions of some people.
—————————–±
『Three Laws of Lease.』
1. Right to request contract renewal
If you live for 2 years, you can unconditionally extend it for another 2 years
2. Jeonse and monthly rent cap system
When extending a contract, the maximum amount is up to +5%
3. Jeonse and monthly rent reporting system
Contract details must be reported to the local government
±——————————————–
It is becoming a hot topic in the world.
Can this policy really be effective?
‘On the surface, it seems like it is.’
Charter.
It’s not my house.
It wouldn’t be that difficult if you were suddenly kicked out.
I will prevent that for at least 4 years.
Price increases will also be limited to 5%.
“It is expected that the number of jeonse properties for sale will decrease for a while due to the impact of the three rental laws. Why not miss this opportunity and invest?”
Prices do not rise.
A Republic of Korea flowing with milk and honey will be completed.
‘I wonder if that’s possible.’
The government only wants to raise it by 5%!
Oh my, from now on I will have to collect less money from tenants.
There is no way such an amazing thought could occur.
If you forcibly block the water flow because the river is wide.
“I agree.”
“There are bound to be side effects.”
“I think it would be good to see market gains in the short term.”
It’s bound to leak somewhere else.
The same principle applies to the economy and real estate.
‘The price goes up first.’
Can’t the jeonse price be raised in the future?
There are people who try to raise the price in advance.
The rental price increases.
It is bound to have a direct impact on house prices.
CW Securities’ meeting.
It is quite possible that there will be opinions among the board of directors to invest in real estate.
“Reports from other securities companies have not been released yet. How about we take the first step, CEO?”
All eyes are focused on me.
Other directors do not seem to have differing opinions.
‘It’s a correct answer worth 60 points.’
This is a side effect that was predicted before the policy was implemented.
In other words, those who know.
Come and jump into the market now?
Certainly, some degree of market profit will be possible.
“Have you calculated the impact on the market when we move?”
“There’s definitely a story to be said. But I think it might be worth considering in terms of profitability.”
Instead, they get criticized.
If you mess with housing prices in Korea, you must be prepared to incur public outrage.
‘I’m not really prepared.’
Investment.
I will do anything if it makes money.
The most extreme example is the raw materials market.
Oil prices rise!
Rice and flour rise!
All you have to do is make money, whether the common people suffer or not.
“Other securities companies will also move quickly. Unlike the stock market, real estate has a structure in which acquisitions cannot be made quickly.”
“Ah, I think I was short-thinking about that part.”
It’s hard to have much fun.
However, if you get criticized, it becomes a completely inferior business.
‘Well, I will do it.’
This is what happens if you jump into the market yourself.
The intention is too easy to read.
A true investor reads the following.
No, it counts until the next time.
“No. I was already going to bring up the story. However, I will not be making direct investments.”
“”?””
Real estate is closely related to the economy.
When house prices rise, it has a chain reaction.
‘If only I could hold that button.’
Future market.
Prediction becomes easier.
This is a task that only ‘whales’ can do.
A situation has arrived where that is possible.
Pouring an infinite stream of water into the real estate market.
“PF loan?!”
“That’s a risk…”
“In essence, the value has not increased, CEO!”
PF loan.
In a word, it is a real estate loan.
Most banks are reluctant.
‘Because the risk is so high.’
How to build an apartment?
It is inevitable that an astronomical amount of money will be spent.
Borrow money and start construction.
The structure is to repay when the apartment is sold.
“I respect the CEO’s sense, but the moment the bubble bursts, the deterioration of bonds will accelerate.”
“Unlike other countries in the OECD, real estate prices in Korea have already risen last year and the year before.”
What if the apartment doesn’t sell?
The creditor who lent money becomes the Nakdong River duck egg.
So they are not willing to lend.
The country also has various regulations in place.
Board members may be concerned.
If you make a mistake, the pillar may be pulled out.
“The government has decided to raise house prices.”
“”…””
“It means that the real estate bubble can continue at least until this administration. All you have to do is eat and run within this administration.”
A considerable risk.
It’s not something you carry for a day or two.
In order to climb up from the floor.
‘You have to be prepared to seize the opportunity when it comes.’
It’s dangerous.
In terms of stocks, it’s a crappy stock.
It is even a real estate market full of prosperous arches.
Opportunities arise because no one wants to jump in.
If it were a human being at my securities company.
Gulp!
You must know how to ride the madness.
