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Nine in 10 families in China own a home.
(www.cnn.com)
This is a forum dedicated to China, Chinese culture Chinese language, and Chinese people.
这是一个专门讨论中国、中国文化、中国语言和中国人的论坛。
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Land is collectively owned, and distributed on this basis. This is why the majority of people in China are housed, and there's an incredibly small homeless population. You're conflating home ownership as an investment vehicle with home ownership as a means of survival.
Further, China is democratic, more than most western countries as seen by each country's own people.