You'd be surprised. A lot of them own it because grandpappy bought it with actual hard work and they've just existed like a clan of hoodlums in it ever since. With it being paid off 40 years ago, but their very existence having dragged property values to trash, they can't really do anything but live there forever.
I've been through a lot of ghettos. No landlord would even bother trying to own a property in most of them for his own safety. Unless the Chinese government has already gotten most of them and is completely disconnected from the safety issue of owning it.
You'd be surprised. A lot of them own it because grandpappy bought it with actual hard work and they've just existed like a clan of hoodlums in it ever since. With it being paid off 40 years ago, but their very existence having dragged property values to trash, they can't really do anything but live there forever.
I've been through a lot of ghettos. No landlord would even bother trying to own a property in most of them for his own safety. Unless the Chinese government has already gotten most of them and is completely disconnected from the safety issue of owning it.