Yes, I own the land I buy. The building that sits on it.
I was fortunate enough to have government support for my initial home purchase and since then my investment portfolio has increased ever since. Can’t say for others, but I also invested money early on in life in opposed to spending on stupid shit.
The two countries have different government dynamics. One is freedom to prosper and also freedom to fail. While the other is no freedom but there is the golden contract.
As for the “housing security” that you’re talking about. Are you talking about the housing collapse that is currently happening or the shoddy government homes defunded by bribes that the locals are calling tofu homes?
Taxes are for the local community that pays for fire, police and schools. It also helps subsidize utilities for the community.
Now if I invested money in a plot of land that has no such things. Then my taxes are minimal, only paying for the federal government and maybe some small local government such as wildlife conservation.
My thick skull has invested into China in the past and the government took back the land they leased to me. Not even refunded me close to what I paid for it. Don’t let me get started with how much money I had to bribe these fuckers to get the transactions done.