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7/11/2025, 12:08:07 AM
>>936911302
>"90% homeowners"
>"80% owned outright"
You can "own" a house in China, but the land belongs to the state. You get a 70 year lease, then it goes back to the government. That's why wealthy Chinese line up to invest in America where you are free to own a house and the land on which it sits, and pass it down to your children.
It also explains why the so many homes in China look like shit, because nobody wants to invest in maintaing a home they will have to surrender to the government.
>"90% homeowners"
>"80% owned outright"
You can "own" a house in China, but the land belongs to the state. You get a 70 year lease, then it goes back to the government. That's why wealthy Chinese line up to invest in America where you are free to own a house and the land on which it sits, and pass it down to your children.
It also explains why the so many homes in China look like shit, because nobody wants to invest in maintaing a home they will have to surrender to the government.
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