Well prices vary greatly from first tier cities to other cities to rural areas, and your impression is likely formed from the first tier cities. Total Chinese m

Well prices vary greatly from first tier cities to other cities to rural areas, and your impression is likely formed from the first tier cities. Total Chinese mortgage is estimated at around $4 Trillion https://www.ceicdata.com/en/china/loan-consumer-loan/loan-real-estate-housing-mortgage https://www.ceicdata.com/en/china/loan-consumer-loan/loan-re... , while US residential mortgage totals about $12T https://www.federalreserve.gov/data/mortoutstand/current.htm https://www.federalreserve.gov/data/mortoutstand/current.htm