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@article{ART001481298},
author={박재룡 and Yu, Jung Suk},
title={Feasible Housing Policy Directions to Stimulate the Real Economy},
journal={The Korea Spatial Planning Review},
issn={1229-8638},
year={2010},
volume={66},
pages={47-71},
doi={10.15793/kspr.2010.66..003}

TY - JOUR
AU - 박재룡
AU - Yu, Jung Suk
TI - Feasible Housing Policy Directions to Stimulate the Real Economy
JO - The Korea Spatial Planning Review
PY - 2010
VL - 66
IS - null
PB - 국토연구원
SP - 47
EP - 71
SN - 1229-8638
AB - This study suggests the future direction of Korea's housing policy and specific policy measures based on an analysis of problems in taxes, housing financing, transparency and deregulation. The government should first take the most optimal policy mix or a counterpoint approach to maximize the effect of housing market policy. Second, the government should bolster transactions in the housing market by lowering the capital gains tax and abolishing the comprehensive real estate holding tax, which will be included in property taxes, and encourage people to consume more. Third, it is better to provide financial support to construction companies suffering from unsold apartment inventories rather than ease current regulation on home equity loans. Forth, the government should establish a report system for real transaction prices to make the real estate market more transparent. Fifth, reconstruction regulations and a ceiling on the price of newly-built apartments should be relaxed so that economic sentiment can improve without further fiscal spending.
KW - Housing Policy;Crowding-out Effect;Policy Mix;Property Tax Laws;Deregulation;Unsold Housing
DO - 10.15793/kspr.2010.66..003
ER -

박재룡 and Yu, Jung Suk. (2010). Feasible Housing Policy Directions to Stimulate the Real Economy. The Korea Spatial Planning Review, 66, 47-71.

박재룡 and Yu, Jung Suk. 2010, "Feasible Housing Policy Directions to Stimulate the Real Economy", The Korea Spatial Planning Review, vol.66, pp.47-71. Available from: doi:10.15793/kspr.2010.66..003

박재룡, Yu, Jung Suk "Feasible Housing Policy Directions to Stimulate the Real Economy" The Korea Spatial Planning Review 66 pp.47-71 (2010) : 47.

박재룡, Yu, Jung Suk. Feasible Housing Policy Directions to Stimulate the Real Economy. 2010; 66 47-71. Available from: doi:10.15793/kspr.2010.66..003

박재룡 and Yu, Jung Suk. "Feasible Housing Policy Directions to Stimulate the Real Economy" The Korea Spatial Planning Review 66(2010) : 47-71.doi: 10.15793/kspr.2010.66..003

박재룡; Yu, Jung Suk. Feasible Housing Policy Directions to Stimulate the Real Economy. The Korea Spatial Planning Review, 66, 47-71. doi: 10.15793/kspr.2010.66..003

박재룡; Yu, Jung Suk. Feasible Housing Policy Directions to Stimulate the Real Economy. The Korea Spatial Planning Review. 2010; 66 47-71. doi: 10.15793/kspr.2010.66..003

박재룡, Yu, Jung Suk. Feasible Housing Policy Directions to Stimulate the Real Economy. 2010; 66 47-71. Available from: doi:10.15793/kspr.2010.66..003

박재룡 and Yu, Jung Suk. "Feasible Housing Policy Directions to Stimulate the Real Economy" The Korea Spatial Planning Review 66(2010) : 47-71.doi: 10.15793/kspr.2010.66..003