willing to bet the scaremongering article goes “well, actually, Chinese people don’t own their homes outright they have to re-lease it from the government every 75 years. under GoMmUnIsM nobody owns anything” as if that long of a lease isn’t literally reasonable for a human with a normal human lifespan to just consider it something they own.
They own their homes more than westerners do. In the west homeowners have to pay property taxes to the state, effectively rent. If you don’t pay they will take your home away and sell it. In China you pay a fee every 70 years and that’s it.
I’ve heard this argument before, but this was also the norm in the UK, up until Thatcher happened. And I believe it’s still the model in big European cities like Berlin or Paris.
willing to bet the scaremongering article goes “well, actually, Chinese people don’t own their homes outright they have to re-lease it from the government every 75 years. under GoMmUnIsM nobody owns anything” as if that long of a lease isn’t literally reasonable for a human with a normal human lifespan to just consider it something they own.
They own their homes more than westerners do. In the west homeowners have to pay property taxes to the state, effectively rent. If you don’t pay they will take your home away and sell it. In China you pay a fee every 70 years and that’s it.
Who owns their homes more?
I’ve heard this argument before, but this was also the norm in the UK, up until Thatcher happened. And I believe it’s still the model in big European cities like Berlin or Paris.
Do you maybe have a source for the 70-75 years re-lease? I need to have that available lol
it’s 70 years for urban residential land rights (most typical housing). baidu article also as of 2021, residential land use rights are automatically renewed. article from people’s daily, the official print of the communist party of china
more than welcome to use machine translation of your choice
Cheers!