[Exclusive] Random purchases in loopholes… Policy fueled the market

<Anchor>

This is news prepared by our reporters, who are continuing to report on the charter fraud case.

We have analyzed in detail since when did people who own multiple houses and do not properly return the jeonse deposit bought so many houses.

As a result, it was confirmed that they rapidly increased the number of houses by exploiting loopholes in the rental business policy introduced by the government in 2017.

First, this is reporter Jung Ban-seok's exclusive report.

<Reporter Jeong Ban-seok>

Together with the data journalism team, we analyzed the timing of the purchase of 49 malicious landlords of more than 100 houses who did not return the deposit.

The amount of housing purchases by malicious landlords was about 550 units in 2017.

However, in 2018, 1,300 units more than doubled, and in 2020, 4,100 units increased to 7 times the level of 3 years ago.

It has risen sharply since 2017 when measures to vitalize rental businesses were announced, and it is estimated that the reduction in holding costs due to comprehensive real estate tax reductions had a major impact.

The total purchase volume of private rental businesses also increased significantly from 160,000 units in 2017 to 290,000 units in 2018, then decreased again after some benefits were reduced.

Nevertheless, the reason why malicious landlords continued to increase housing is that apartment prices were so expensive that the demand for villas soared, and that they blocked sales loans and greatly expanded charter loans.

[Cho Jeong-heon/Citizens' Coalition for Economic Justice, Land and Housing Chairman: Even if business owners build villas by systematically sticking to them, there is no fear that they will not be sold or leased.

Since the deposit loan was firmly supporting the demand, it became a risk-free business.] The

Housing City Guarantee Corporation's deposit return guarantee system guarantees up to 150% of the official price as a housing price, which is also pointed out as a loophole.

By exploiting this, in the case of a newly built villa whose market price is unclear, the jeonse deposit was raised higher than the market price.

[Kim Jin-yu/President of the Korea Housing Society: The jeonse guarantee insurance for tenants should have been operated more tightly, but it is strongly abused that it was too open in the name of tenant protection.]

Also, in July 2020, the government When the apartment rental business system was abolished, it was also a problem that the villas were left as they were, and after that, sales were concentrated on villas.

Malicious landlords who bought 200 units per month bought 500 units per month for several months after the policy was announced.

[Kim Jin-yu/President of the Korea Housing Society: It's a balloon effect.

Non-apartment prices are opaque and unclear, so it's easy to be fooled.

So, it's gone a lot over here.

Because we focused too much on tenant protection or just such a cause, we missed an opportunity that could have been prevented.]

Policies for tenants led to the suffering of many ordinary people because the side effects of the policy were not properly examined and supplemented.

(Video coverage: Shin Dong-hwan, Video editing: Kim Jun-hee, CG: Lim Chan-hyuk · Cho Seong-woong)

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<Anchor> The

government, which belatedly came up with countermeasures, announced that it would punish even those behind the charter fraud.

At the same time, it prevents landlords from lending out to tenants without their knowledge, and also allows landlords to check in advance if there is any tax overdue.

Reporter Ahn Sang-woo pointed out whether this could prevent damage.

<Reporter Ahn Sang-woo>

The '2400 organization' reported by SBS.

Among them, the deposit given by the Housing City Guarantee Corporation on behalf of the three arrested charter scammers is over 90 billion won.

However, the amount recovered is only 700 million won, or 0.7%.

This is because there was virtually no system to supervise while the jeonse scammers were abusing the rental business promotion policies, such as reducing the holding tax and expanding the subscription to guarantee insurance.

[Kim Jin-yu/President of the Korean Housing Society: Businesses that rent 5 houses like this and businesses that rent 100 or 1,000 houses are completely different in character.

(But) there were no rules.

For example, how are the resources...

.]

The government's countermeasures against charter fraud are often out of touch with reality or are stopgap measures.

For example, it was decided to lend up to 160 million won at a low interest rate of 1% to victims of charter fraud, but you can receive it only when you leave the chartered house that has already been scammed and enter as a tenant in a new house.

[Mr. A/ Victim

of charter fraud: Loan support is available, but things such as being applied only when renting a new house are just a pie in the picture from our point of view.]

It is pointed out that it is necessary to be able to check the history, etc.

(Video coverage: Park Hyeon-cheol, Video editing: Kim Yun-seong)

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<Anchor>

Let's talk more with reporter Jeong Ban-seok, who covered this issue.

[Reporter Jeong Ban-seok: Increasing supply and making guarantees mandatory are policies with good intentions to secure housing stability for tenants.

The problem is that no matter how good a policy is, if it is used at the wrong timing, it can cause side effects and be easily abused.

In 2017, excessive benefits were given to private rental operators when house prices were already bottoming out, and in 2020, the rental business system was abolished for apartments only, excluding villas, and the guarantee rate remained the same while making the official public price a reality Neglecting the reversal of the market, all of them failed to read the changes in the market situation and were not quick to respond to policies.

I also left such regrets.]

[Reporter Jeong Ban-seok: Two days ago, we reported that a charter scam organization had obtained a guarantee from HUG by using the number 2400 again.

However, HUG came up with such an explanation, "Identified and managed by the lessor's name, etc., rather than a phone number that is easy to change."

It is a story that a charter fraud organization can not be filtered out even if it attracts an accomplice with a new name and continues to scam with the same number.

It's good to make countermeasures, but you need to make them tightly and properly.

In addition, the government has loosened many regulations on multi-homed people and rental operators for a soft landing in the real estate market, but since you don't know when this will return as a boomerang, we need to carefully examine whether there are any side effects.]

(Video editing: Kim Jun-hee)