Re:China’s ponzi-like property market is eroding faith in th...
by imtringued on Wednesday September 14, 2022 @03:07AM
(#32834135)
>To make matters worse, in China you only lease the property for 80 years, you don't own it.
Don't you think a shorter lease would have reduced the housing prices? 80 years means a lot of people value it as permanent, so no it doesn't make matters worse that it eventually expires, it makes matters worse because people treat it as if it doesn't.
Don't you think a shorter lease would have reduced the housing prices? 80 years means a lot of people value it as permanent, so no it doesn't make matters worse that it eventually expires, it makes matters worse because people treat it as if it doesn't.