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Home ownership rates by country
(lemmy.ml)
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this post was submitted on 22 Dec 2024
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Is it fair to call a 70 year lease from the government “ownership”?
Nobody "owns" land. Even under capitalism. If you think you do, stop paying the ~~rent~~ tax you pay the government in order to "own" that land and see what happens.
Point is, even if you "own" a house, if the government decides they want to confiscate it, they have a whole army to do it. All ownership is always at the mercy of the government. (More accurately, ownership is at the mercy of whoever has the monopoly on violence, since they can only take ownership through it.)
"...if the government decides they want to confiscate it, they have a whole army to do it."
This feels pretty random to include. Did I miss something? Has the army been kicking people out of homes lately?
The downvotes without comments to support the criticism speaks volumes.
I think people here have this dream picture of China or something but that country seems to get the shit end of both sticks when it comes to housing. Expensive housing driven by a capitalist development framework and no guarantees to support to investment into the real estate you buy. That’s why Chinese citizens with money actually invest in real estate outside of China.
Just curious - what happens after that 70 years is up? I get to keep my property in perpetuity and pass it down generations as long as I pay my taxes. Is there any such guarantee in China?
Other than the set duration, all ownership is at the government's pleasure everywhere. Luckily, in a lot of places governments serve at the pleasure of voters.
Yeah China should definitely not be on this list.
Looking forward to the bot account's mental gymnastics to tell me why I'm wrong
🤡
Right? I call BS that 90% of China's 1.4+ billion people own their homes.
Home ownership is by family, not every single person.
Also just because something "feels" wrong in your gut (probably because it doesn't satisfy your western-supremacist biases), doesn't make it false. Claims should be backed up by data, not gut feelings.
Didn't make a claim, just expressed my doubts of the data. Data gets parroted from one "source" to another without proper investigation into the original source of data. I don't have all the time in the world like all those on here to dive into all the articles discussing it, I'm not an investigative journalist, but how's this for confirming my doubts:
"However, the people of China can afford to buy these extremely expensive properties. In fact, 90% of families in the country own their home, giving China one of the highest home ownership rates in the world. What’s more is that 80% of these homes are owned outright, without mortgages or any other leans. On top of this, north of 20% of urban households own more than one home, according to Nomura."
Source
Does having money owed on a house mean that they own the home? No. 80% of families own their homes. The rest of the articles bring up data point after data point that makes the claim hard to believe and goes into explaining why the home ownership is so high.
I'm allowed to express opinions based on gut feelings without having to waste my lunch hour digging up sources to back it up, and no, it's not based on any "western-supremacist biases", just seeing how the numbers don't seem to add up. It still feels high honestly with other data points brought up in that article, like how high the average house costs versus the wages in that area, but whatever, I'm out of time before I have to go back to work.