3 ms·
> Should the same happen to your family home? In China land use rights can only be bought for a limited time - after this time it goes back to the government:
by wolfgke 10y ago
> Should the same happen to your family home?
In China land use rights can only be bought for a limited time - after this time it goes back to the government:
> https://en.wikipedia.org/w/index.php?title=Chinese_property_law&oldid=741405375#Obtaining_land_use_rights https://en.wikipedia.org/w/index.php?title=Chinese_property_...
In this sense other countries than the US indeed give quite different answers to your rhetorical question.
- mirekrusin 10y agoSame in UK. You just take a leasehold for 100 years from queen, you don't own it.
- bananabm 10y agoi don't think that's strictly true - while you're correct that i [as a homeowner, specifically a freeholder] don't own the land, but i own (i think) a title to this plot of land, it's not a 100 year lease - I "own" this land for an unlimited period and i don't need to renew anything ever. not to be confused with leasehold properties (eg flats) where you have a lease, typically ~100 yrs, to the freeholder (who owns the block of flats), that you have to renew.