The problem is the term of 30 years; any registered land-lease agreement works like that. However — as always in LoS — if the owner of the land, the lessor, have any issues with the authorities about the land, the lessees might loose both their prepaid leasing fees and their investments in buildings. If you're an old retiree with less than 30 years expected life span and no heirs, or considers the total investment in house and land-lease as prepaid rent, the land lease deal is Okay. If you are younger then 30 years is not enough. And if you look at your home as kind of investment, which at some level can be reclaimed, a land-lease is not working, as the house is only worth according to the number of years remaining in the agreed lease period. This is why buying a condo might be more safe. And this is why the OP is actually interesting, if you prefers a house rather than living stacked in a condo.