Housing Policy
Lee Jae-myung says real estate policy reclaims unfair privileges from speculation
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President Lee Jae-myung stated on February 14 in a post on social media platform X that his administration's real estate policies aim to reclaim unfair privileges from speculation and investment. He emphasized protecting homeowners using properties for living while highlighting harm caused by multiple homeowners' speculative practices. The main opposition party criticized the remarks as intimidating the real estate market.
Some elderly landlords in Hong Kong say they cannot afford renovations costing up to HK$400,000 to meet new regulations. They may be forced to remove units renting for HK$3,000 a month from the market.
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In 2023, Sweden's enforcement authority evicted 3,330 people from their homes, the highest number in nearly two decades and since records began in 2005. The figure affected 824 children, with reports highlighting rising homelessness among those without social issues. Politicians are urging reforms to reverse the trend.