meanwhile 90% of Chinese people own their homes, and of those 80% own their home outright (no mortgage or other liens)

https://www.forbes.com/sites/wadeshepard/2016/03/30/how-people-in-china-afford-their-outrageously-expensive-homes/

not sure we should consider home ownership "rich person" stuff, tbh - though it breaks my heart that this is what it has come to