Core Viewpoint - The total cost of home ownership in the discussed region is lower compared to developed countries like the US and Europe, despite the 70-year property rights limitation [1][4]. Group 1: Home Loan Structure - The common home purchase method involves a 30% down payment and a 70% loan over 30 years, with interest nearly equal to the principal [3]. - The total cost of home ownership over 70 years is approximately 1.7 times the total property price [3]. Group 2: Comparison with Developed Countries - In developed countries, although loan interest rates are about half, annual property taxes range from 1% to 3% of the property value, leading to significant additional costs [4]. - Calculating with a minimum tax rate of 1%, property taxes over 70 years can amount to 70% of the property price, making total ownership costs comparable to those in the discussed region [4]. - The lower loan interest rates and various transaction fees in developed countries are not included in this comparison, further emphasizing the lower total cost of ownership in the discussed region [4]. Group 3: Future Outlook - As the economy continues to develop and income levels rise, the cost of home ownership is expected to decrease, making it more manageable and affordable [4].