3 ms·
> This is very bad for labour mobility. It's a hukou system for retirees. This is unfortunately a political requirement for passage. There are very, very few p
by solatic 3y ago
> This is very bad for labour mobility. It's a hukou system for retirees.
This is unfortunately a political requirement for passage. There are very, very few people 60+ who have lived in the same place for 20+ years who are willing to leave their houses, and most who do are dragged into nursing homes only because they are no longer physically capable of taking care of themselves.
The rent-to-own period can and should be quite long, like 30-40 years, similar to a mortgage. But the quality of "nobody can take my property away from me" is quite strongly felt, and not one that you can really take away from people. Any radical housing reform must respect that.