Not sure where you get that claim from. Even here, in the Netherlands, where the housing market is through the roof, it's not that expensive to own a basic house (maybe it would be in Amsterdam but that's far from the average european city experience)
Unless "basic" for you means 4 bedrooms in the city center.
If you have a source for this (and by that, I mean a source on the rate of cars bursting into flames in China vs in other countries), then I'm interested.
But most likely you're pulling this out of your ass, and your only reasoning is "cheaper = shit quality".