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In this video I try to go over how no one actually own homes in China as they only get to lease the land from the government... #economy #china #realestate #educationalshorts
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Views : 341
Genre: Entertainment
License: Standard YouTube License

Uploaded At 1 year ago ^^
warning: returnyoutubedislikes may not be accurate, this is just an estiment ehe :3
Rating : 4.905 (2/82 LTDR)

97.62% of the users lieked the video!!
2.38% of the users dislieked the video!!
User score: 96.43- Overwhelmingly Positive

RYD date created : 2024-07-30T04:48:32.294108Z
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16 Comments

Top Comments of this video!! :3

@brodchacho

5 months ago

Same in the US

2 | 0

@Woodardray

1 year ago

See what happens when you don’t pay property taxes on your home in the USA. Even if your house was paid off the government can still take it.

8 | 1

@DakotaSchettler

1 year ago

My elder told me, "you think you own your home? Stop paying the property tax and see how long they let you live there." We live in America.

2 | 0

@coolcatmeow77

4 months ago

So how is this any different than in the US? Here the government confiscates your property is you don't pay your property tax.

| 0

@hokroeger

1 year ago

Well, it seems I was wrong about China. Over 90% of their families live in their own home. See on Wikipedia:
"List of countries by home ownership rate"

3 | 0

@nightdragon1710

1 year ago

I think government must limit land ownership but not monopoly of all land

| 0

@hokroeger

1 year ago

That's not true. In China, over 75% of the people own the homes they are living in. But not a single private citizen owns the land on which a home, a company, a factory, or anything else private has been build upon. Or the land they are planting.

1 | 1

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