Will land use rights expire in 70 years and continue to be repaid without renewals?

time:16-04-17 forum:
  http://news.ifeng.com/a/20160417/48485714_0.shtml


Wenzhou now has the first case of "renewal of the right to the use of residential land", and it will pay 30% of the price.


according to Wenzhou network, Wenzhou has recently seen some of the citizens who have been unable to complete the transaction after the normal sale of a second-hand house, because the land is due to expire. If we want to renew the contract, we must pay about 1/3 of the total land price. Among them, many people found that the land certificate they hold holds that the land term is 20 years old. The issue of renewal of the right to the use of residential land in the early 90s of this century is also a precedent in China.

for example:

the day of your house in accordance with the practice of Wenzhou,
this house is worth 1 million 800 thousand
if you are going to renew
you have to pay 600 thousand...

the national netizen all bombed the pot!

this news has a certain vane meaning. The news not only shocked the whole Wenzhou property market, but even the people of the country began to check the land use rights of the houses they bought
100 million to buy a house, not long after living, to pay hundreds of thousands of renewals......
spent several years' savings, the loan has just been returned, and the land use period is coming again!
housing ownership concerns every owner. Why does this happen?
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