this post was submitted on 11 Nov 2025
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Chapotraphouse
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50 years... Is this supposed to be a good thing wtf
Yeah at that point you're basically renting, you'll never own your home.
Except it's worse because you can never leave to get a job somewhere else.
Nonsense obviously housing prices will continue to go up forever so you could sell your house at anytime and buy a new one for a tidy profit! And if it starts to slow down again we can just introduce 70 year mortgages!
Isn't this just sort of approaching the chinese model (as told by online comments, not necessarily the real one) where you can never own land you just lease it for 100 years. Except also dumber than that
No because the lease in China isn't on a speculative asset the cost of which is justified by your end ownership of the asset. The 100 year lease just means they won't kick you out for no reason like a landlord can.