Population of 1.4b+ people btw damn

@hashjenni Own = 70 year lease where govt owns everything …. So ya, damn

@TheRacingLadder @hashjenni so, their whole life lmao

@TheRacingLadder @hashjenni Soo effectively owning

@TheRacingLadder @hashjenni Don’t pay your taxes or live on land the government wants and then see how much you “own”.

@TheRacingLadder @hashjenni Thailand is worse is like 50 years... but no one complaisn aboht thailand

@TheRacingLadder @hashjenni Apparently Australia has the same thing too, but with 99 year leases So it's not just some "scary communist" system

@TheRacingLadder @hashjenni Bitch I will be dead in 70 years, it literally wouldn't make a difference for me

@TheRacingLadder @hashjenni Not even that, but this statistic is misleading. 90% of people in China are housed. They do not own their home, they often live with several family members spanning upwards of 3 generations which is common in Asian cultures

@TheRacingLadder @hashjenni So a mortgage with property taxes?

@TheRacingLadder @hashjenni pray tell, what happens in the US when you dont pay your property taxes?

@TheRacingLadder @hashjenni Eso se renueva automáticamente, estuve leyendo y al parecer muchos usan esa entrega a cambio de efectivo porque el gobierno compra esas casas a sobreprecio para construir. Y con ese dinero se mudan a un mejor lugar o le pagan la universidad a los hijos.

@TheRacingLadder @hashjenni when i saw the twt i thought they cancelled the law and actually own the property but no?

@TheRacingLadder @hashjenni “In China, urban residential land use rights typically last 70 years, while the house itself is privately owned forever. Upon expiration, the Civil Code and Property Law guarantee automatic renewal”

@TheRacingLadder @hashjenni What is property tax after you paid off your house?🤣🤣🤣

@TheRacingLadder @hashjenni It is not the government that owns it, but the country. This means you don't have to pay property taxes. After 70 years, you only need to pay a few hundred dollars for the transfer fee and can continue to live in the house for another 70 years·