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Wait…there isn’t personal ownership of Real Property in China?
by kurupt213 4y ago
Wait…there isn’t personal ownership of Real Property in China?
- scooke 4y agoIf you didn't know that, there is SO MUCH more to discover. It's not just an alternate political system... It's a while different world about which most in the West have no comprehension.
- namelessoracle 4y agoI thought it was the same now in parts of Europe like London too?
- Ekaros 4y agoIt can vary. Part of land can be rented and part sold. There might be clauses for buying the land outright. Even partially. On other hand the funding model of local governments in China is entirely different than in west. Main source of revenue has been selling land use rights for development.
- kurupt213 4y agoI thought in London most of the real estate is already owned by the Crown Trust (formerly the regent) and not available for sale.
- kurupt213 4y agoHow does a real estate market blow up when you aren’t buying the assets?
- aaaaaaaaata 4y agoMarket forces — just different ones.