Private home ownership is fine, if the government would let the bubble pop. A housing market in congruence with 5 years of the median (not mean) earners income would be doable. Do some historical income
[You must be logged in to view images. Log in or Register.]rice ratio research. You'd be surprised on just how much it's changed.
In 2007/8/9 the government and banks bought up a ton of housing inventory, and in many cases are still sitting with it on the books, to this day due to the effect it would have on the real estate market if they released it.
Likewise, China has entire cities is doesn't even use.