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You can't buy land forever in China the way you buy land in the US. You can only get a 70 years 'land use grant'.
by aianus 12y ago
You can't buy land forever in China the way you buy land in the US. You can only get a 70 years 'land use grant'.
- seanmcdirmid 12y agoNo one expects that to hold, but even if it does, the US has property taxes most everywhere, and you'd eventually pay for your land again and again just by owning it. It is speculated that China will drop the land use grant when they institute a real property tax.