Just curious - what happens after that 70 years is up? I get to keep my property in perpetuity and pass it down generations as long as I pay my taxes. Is there any such guarantee in China?
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Cake day: June 28th, 2023
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Is it fair to call a 70 year lease from the government “ownership”?
The downvotes without comments to support the criticism speaks volumes.
I think people here have this dream picture of China or something but that country seems to get the shit end of both sticks when it comes to housing. Expensive housing driven by a capitalist development framework and no guarantees to support to investment into the real estate you buy. That’s why Chinese citizens with money actually invest in real estate outside of China.