this post was submitted on 22 Dec 2024
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Sure. But that doesn't mean the people living in a specific house own that house.
I'm not even criticizing China on this one. It seems like a good system. It's just funny how the CCP seems to desperately need to be #1 on every list, even when it makes no sense like home ownership in a nation where nobody owns their home.
In practical terms, they own it in exact the same way a person owns a home in any western country.
"Home ownership" means owning your home. You can argue the semantics. But at the end of the day either you own your home or not. And in China you do not.
low effort try harder
Then you don't own it in a western country either because as soon as you stop paying your property tax then you lose your home. You're just regurgitating nonsense without actually thinking about it.
never heard of eminent domain?
You only "own" a house as long as you can rely on the police to enforce your claim. The concept is the same. It's just in China they made a policy decision not to enforce landlords' claims in order to reduce inequality.