[rfoo]

> in China houses are leased for x years (80?)

It's worse. It's the land being leased for 70 years. House usually can't last that long anyway. But not owning the land and no guaranteed usufruct after 70 years is big.

[neon_electro]

Thank you for teaching me a new word, "usufruct": https://en.wikipedia.org/wiki/Usufruct