Comment by robocat

> and you don't "own" property there, most land is not freehold, you are merely temporarily leasing it from the state

Nobody really owns land: the government disallows many many activities, maybe charges you a yearly rental, and just has different hurdles to take it from you (eminent domain, market replacement cost). Even freehold is more like a franchise right to sell your freehold. Perpetual is somewhat irrelevant given zoning restrictions.