For a long time, property was the only allowed wealth that could be inherited. So China became littered with extremely poor construction that was never occupied, and is uninhabitable. There are also restrictions on who can be sold to - in rural areas owners cannot sell to urban buyers or institutions. This means they can’t mortgage their homes.
I’m okay with inheriting property, but you gotta pay for it. The whole passing it down is ludicrous, but I also feel like never owning anything is also not great. Goddamn nuance strikes again unfortunately.
For a long time, property was the only allowed wealth that could be inherited. So China became littered with extremely poor construction that was never occupied, and is uninhabitable. There are also restrictions on who can be sold to - in rural areas owners cannot sell to urban buyers or institutions. This means they can’t mortgage their homes.
I’m okay with inheriting property, but you gotta pay for it. The whole passing it down is ludicrous, but I also feel like never owning anything is also not great. Goddamn nuance strikes again unfortunately.