China’s ponzi-like property market is eroding faith in the state

Re:China’s ponzi-like property market is eroding faith in th... by ZeroGravitas on Tuesday September 13, 2022 @03:35PM (#32829208)

80 year lease seems to be a relatively good thing overall (devil in the details as always) and an escape hatch of sorts. Otherwise some early property owners would get very rich for no reason.

edit: after looking into it is seems they're slowly backing out of this idea that the land belongs collectively to the state after 80 years which perhaps partly explains the real estate fever as more people come to believe they'll own the land in perpetuity.

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Re:China’s ponzi-like property market is eroding faith in th... by imtringued on Wednesday September 14, 2022 @03:11AM (#32834163)

Yeah the problem is people are speculating that the lease lasts forever. Having land go back to the state every now and then is supposed to undo and discourage land grabbing. The ultra long lease duration however is counterproductive.

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Re:China’s ponzi-like property market is eroding faith in th... by neilknowsbest on Tuesday September 13, 2022 @08:21PM (#32831806)

Can you share anything specific about changes to this land policy? I have no knowledge of how this sort of leasing arrangement works in China or elsewhere (Singapore, etc).

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