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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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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.
I don't want to turn this into a homeowners association / HOA gripe-fest, but we "own" our home, and I'm not allowed to put a bird-feeder on my balcony, according to HOA rules. This is in freedom-loving USA.