How China will Forcefully Take Every Single Citizen's Home Away

No One Can Actually Own Property in China - NO ONE!

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[dylives]

Well, they pioneered the "you'll own nothing and will be happy" concept after all.

[ianmoone]

USA should practice reciprocity. No land sales to Chinese nationals.

[DivinePonies]

It's crazy to think on how different level China operates; in Denmark I worked on restoring wooden floors that were 150+ years old, making them look like new, and most of them still gonna last probably 100 years or more with few more restorations. In China, entire buildings have a life of 50 years.
China operates like a crop field, plow the field and just plant new crops every year, leaving no trace of history behind. Really sad to think how much history will be just 'plowed' to keep making new tofu buildings instead of something that will last generations.

[harveybirdman]

They have created a rental crisis here in Australia because they buy new apartments here and leave them empty

[liamodwyer]

Ive had a young Chinese doctor buy an apartment, above me a few months ago. He seems to be enjoying life in Australia, all I ever hear is him playing his guitars and he's really great at it. I personally think he enjoys being able to work hard and earn his peace and happiness 😊 as most of us also do.

[ErikGsson]

it is very depressing to see the fotage of apartments rotting away. If i grew up in an area like that it would suck all life energy out of me. Im so sorry for people who grows up in china

[mantralife]

Governments should not be allowed to own land like that. No one should be allowed to to hoard real estate either

[ronblack]

had a tech guy in from china setting up some machinery we bought. got to talking and it came up that i own a house. the guy asked - for how long? thought it was a little strange. i now know why he asked .

[williamblaker]

I have been to china, and can attest that all of the construction I've seen there will absolutely not last in a usable/habitable state for 70 years, and unlikely to last for 50 years. Buildings that are only 20 years old look like crap. Concrete that's only a few years old visibly crumbles. Plus, commonly held features are not maintained by anyone, as no-one cares about community property. Courtyards, sidewalks, restrooms, squares, etc are dirty, unkempt, bedraggled, and breaking. I will never return to China. It's a horrible place.

[genkibob]

A lot of countries don't allow foreigners to own property, but to not allow your own citizens to own property is a WEF dystopia.

[tianenhsu]

As a Chinese, I can confirm all land and resources contained in the land belong to the state, including but not limited to oil, minerals etc, According to Article 6 of the Land Administration Law of the People's Republic of China, land in urban areas belongs to the whole people, that is, the state, and land in rural areas and urban suburbs belongs to collective ownership.

[Qingeaton]

I have put my entire life time into turning a cow pasture into a fruit and nut farm.
A pecan tree takes 12 years to get a crop, but can live 200 years, so if I am 25 years old, I get a crop when I'm 40 and maybe 30 years if I live to be 70. Then, the most productive years, my son does not inherit my land and continue to reap the rewards of all my labor? Who would bother?

[financialcafe]

Most condominiums in Singapore do not cost as much as those you featured regarding Shenzhen. Truly shocking !

[turdferguson]

a communist economist is basically a religious official, they have one answer and it's always the same answer

[playerslayer]

Just also want to point out, that if you own your property, you are probably more likely to take care of it. There is a reason why soo many places in China look dilapidated even though a building may only be a couple years old. why pay money to maintain something that is not yours? That is the mindset for many. Shout out to the regular Chinese folks that do care for public/shared infrastructure.

[onlycasual]

This shit is getting too depressing to hear about even half the world away

[robinbinder]

the building i live in, central europe, was built in 1961. its still like brand new. the landlord had the bath and pipes redone last year. some kitchen hardware is newer. else, this house will probably stand for another 60 years before it will be torn down. the oldest 5+ story building near me is from 1257. cheap construction has a price !

[derekchastain]

Keep it coming, Winston. We're glad you're in the States now.

[rinardman]

"Police are scumbags"

It was nice of the police to verify his t-shirt slogan.

[kwokleongawyong]

I had friends in China that build a hotel on land lease that was only valid for 20 years. So they had to rush to make a profit within 10 years.