Ruling party proposes axing taxes for second homes outside Seoul

Ruling party proposes axing taxes for second homes outside Seoul

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https://www.koreaherald.com/article/10444249

Does it mean it will be easier for rich people to hog houses outside of Seoul and drive prices up there without them needing to live there?

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This is a good way to create a housing crisis down the line.

How very short sighted of them.

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