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At least Americans get to own their land. In China you don't own the land. Just the building sitting on top. Also you start paying for the mortgage before the building is finished....... IF it finishes.
Yes yes, all buildings in China are made of cardboard and entire cities collapse overnight! It's true! I work with the CI- I mean a trusted source, like RFA!
On a side note, I'm pretty sure not even RFA would say something as obviously false as this, but I guess their propaganda knows no bounds.
Their favourite part of the job is probably knowing that they can make up some stupid shit, then libs will run with it, making up even stupider shit themselves, and then believing the things they just made up.
Nobody said it was made of cardboard.
As a Chinese person myself and have invested my own money in China, they can take away your investment without repercussions and pay you a tiny fraction of the value they take from you.
Plus, the amount of bribes needed to get transactions made is just relentless. Everyone from the fucking guy inspecting the factory to the guy stamping my deed. Everyone needed to get their beaks wet.
All my investments are in America and Taiwan. Never need to pay a single bribe.
It's funny watching them pull this shit in the one place it wouldn't fly. I reckon a lot of these guys forget that only American libs are gullible enough to fall for their egg monopoly sob stories, the rest of us think of them as the spoilt failsons that they are, mad they didn't get to coast through life on daddy's factory money.
Americans own their own land? I thought that a lot of them are in spiralling home loan debts( among other debts) for most of their lives, and the majority of the rest are renting, and can't even dream of even owning property. Not the rich, of course.
That's not even taking into account the massive homeless population that the US criminalises and leaves to fend for themselves and just die.
So...how is that better than being provided the security of housing that China is doing?
If americans own their land, what are taxes for?
Ahhh americans, can't get through their thick skulls.
Taxes are for the local community that pays for fire, police and schools. It also helps subsidize utilities for the community.
Now if I invested money in a plot of land that has no such things. Then my taxes are minimal, only paying for the federal government and maybe some small local government such as wildlife conservation.
My thick skull has invested into China in the past and the government took back the land they leased to me. Not even refunded me close to what I paid for it. Don't let me get started with how much money I had to bribe these fuckers to get the transactions done.
I am a totally real person who actually has bought land in China and knows that the government is extremely authoritarian.
And it's against the rules to lie in the internet and you can trust everyone for what they say... Certainly there isn't any evidence of people lying on the internet...
Thick skulls indeed...
Go spread your fake conspiracy theory somewhere else, you fucking fascist. People here aren't gonna buy your bullshit lies.
You don't own the land underneath your feet in America, But in China, at least the land is owned collectively.
Oh, that's right. In actuality, the government doesn't own the land in China. The people do. The government just manages it for the people. So, in essence, every single person in China actually owns a part of the land they stand on. How interesting. Socialism is a very interesting system, isn't it? And considering 94% of people own a home in China, I think their reputation for land ownership is significantly outpacing the United States reputation for land ownership.
But as a totally real person who actually bought land in China, you already know these facts, don't you?
Yes, I own the land I buy. The building that sits on it.
I was fortunate enough to have government support for my initial home purchase and since then my investment portfolio has increased ever since. Can't say for others, but I also invested money early on in life in opposed to spending on stupid shit.
The two countries have different government dynamics. One is freedom to prosper and also freedom to fail. While the other is no freedom but there is the golden contract.
As for the "housing security" that you're talking about. Are you talking about the housing collapse that is currently happening or the shoddy government homes defunded by bribes that the locals are calling tofu homes?
This is a misconception bordering on a fucking lie. For all intents and purposes, in China you do own the land you purchase. The 70 year lease is mostly a formality. The government owns all the land legally speaking, much the same as literally any other country on Earth. Regardless of what a piece of paper says, the land is yours. The 70 year lease is just so the government can keep tabs on all the land in the country for different purposes, such as organization, urban planning, taxation, regulating land use and waste, and the state will compensate you for more than your home is worth, if the land is required for development, ala imminent domain.
Ironic that despite officially being a lease, in China you own your land more than you do in the U.S., which is a blanket nightmarish patchwork of banks and home owners associations.
Pssshhh. Keep drinking the Kool aid.
My family had a factory in Chengdu with a 50 year lease + a 50 year option.
A few years in they decided they wanted to expand the road and cut my family's factory in half. The warehouse was literally butt up against the highway. Then a few years after they completed the road they decided to expand it again and took the entire land it was sitting on.
They gave us a tiny fraction on justthe land we "owned". Not even accounting for the upgrades and improvements made to the facilities. We also lost all the bribe money we had to pay to buy this factory in the first place.
They completely ruined my family and our investment. It's been 20 years and we still haven't fully recovered.
We also lost all the bribe money we had to pay to buy this factory in the first place.
How can you type this with a straight face holy shit
Nobody in America has ever had their home taken by the government to build a highway /s
The continued concentration camps, forced eviction from your property without compensation, planned starvation, and planned chemical attacks against Native Americans to create "natural" park wo[u]ld like a word with you.
Boohoo China has a 90% home ownership rate. Their system is literally working properly because you failed at becoming a landlord and have to get a real job.
So let me get this straight, your family bribed your way into owning a factory and you want sympathy because you had to give it up? Meanwhile, in the US, the supreme court is going to be ruling on whether states can fine people for sleeping outdoors, while homelessness gets worse. It might be the case that had your family done the same in the US, you'd still have that factory and be wealthy too. That's not a good thing. The dictatorship of capital in the US comes at the cost of everyone else.
In the US, cities have been known to bulldoze homeless encampments: https://www.vice.com/en/article/5db7qb/dc-bulldozed-a-homeless-persons-tent-while-they-were-still-inside
And you're saying "China bad, US good" because you lost control of a factory.
Sounds like you got what you deserved.