Oh Se-hoon responds to the president's remarks about 'preparing for a plunge in housing prices' by asking, "Are you living in a different world alone?"

On the 3rd, Seoul Mayor Oh Se-hoon strongly criticized President Lee Jae-myung's remarks about plummeting housing prices, saying, "Is the president alone living in a different world?"

Mayor Oh said in a post on Facebook that day, "Apartment prices in Seoul have been rising for 90 consecutive weeks, and this year's rate of increase is the highest since compilation. Where on earth have you seen signs of a housing price collapse?"

Earlier, President Lee said at a cabinet meeting that day, “Actual transaction prices in major regions are falling surprisingly.” He then announced on social media, "If housing prices fall significantly, we are already considering preparedness measures, including the government's purchase of large quantities for public rental housing."

In relation to this, Mayor Oh asked, "Do you think that the fact that you can't buy a house due to blocking loans means that the house price has been fixed?" and "Are you only seeing the numbers you want to see and not seeing the monthly rent prices that are skyrocketing every day?"

Mayor Oh continued, “People are anxious every day about when the rent bomb will fall, but I can’t understand why the president is so worried about the housing price plummeting.”

At the same time, he criticized, "Everyone is fighting to put out the fire, but it is as if the president has stepped forward to prepare for a flood alone."

Mayor Oh also refuted President Lee’s mention of the licensing situation that day.

He claimed, “It seems like Seoul City is once again responsible for the decrease in permits starting from 2022,” and “During the time of former Mayor Park Won-soon, as many as 389 maintenance zones were lifted, and the opportunity to supply 430,000 housing units disappeared.”

He continued, "In order to revive the collapsed supply base, we worked day and night to re-designate the area, improve business feasibility, and lead to licensing and construction commencement. Now that results are only starting to appear, this government is claiming that licensing has been normalized. This is a reckless move that goes beyond accusation and even overturns the facts."

Mayor Oh claimed that the government's 'obsession with actual residence' had encouraged the 'triple strength' in which house prices, lease prices, and monthly rents rise together, and said, "If you are not willing to face reality properly, it would be better to stay still."

He then urged, “If we do not want to remain as the worst real estate failure regime, it would be a good idea to start reforming the housing policy staff now.”