Final answer:
The Real Estate bundle of rights in the USA affords property owners the freedom to use, contract, and transfer as they see fit, which is in contrast to countries like China where only land-use rights can be obtained due to state ownership of land. Zoning regulations in the USA also structure land use differently compared to some other nations.
Step-by-step explanation:
The bundle of rights which Americans possess regarding real estate is distinct in several ways compared to other countries. For example, in the United States, property rights are defined as the rights of individuals and firms to own property and use it as they see fit. This encompasses the freedom to utilize the property, the ability to enter into contracts regarding its use, and the legal system's backing to solve disputes in case of noncompliance.
Let's contrast this with a country like China where property rights are significantly different. In China, all land is owned by the state or collective rural units and individuals and firms can only obtain land-use rights. This means while they can use the land for periods typically ranging from 30 to 70 years, they cannot claim ownership, resulting in a lesser degree of economic freedom regarding real estate compared to the USA.
Another vital difference is in zoning regulations. The US has implemented zoning laws, which were first introduced by New York City in 1916, and these are a common form of land-use regulations that determine how property can be used in different areas. This type of regulation is less prevalent in some other countries where the development might be more haphazard or subject to different types of governmental control.