Property speculation crashed. It wasn’t a homelessness crisis, but an intentional popping of a speculative bubble because Capitalists got greedy and homes were too expensive.
They acted to prevent an issue from developing. This is the whole purpose of having a government. It pays attention to what’s happening in the country overall, and guides the economy towards positive outcomes.
It seems they overbuilt on purpose, which seems like a great idea if you care more about shelter for the population than the financial wellbeing of the speculators.
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Property speculation crashed. It wasn’t a homelessness crisis, but an intentional popping of a speculative bubble because Capitalists got greedy and homes were too expensive.
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Not really, the government wound down the real estate market intentionally to refocus the economy on tech and industry.
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They acted to prevent an issue from developing. This is the whole purpose of having a government. It pays attention to what’s happening in the country overall, and guides the economy towards positive outcomes.
It seems they overbuilt on purpose, which seems like a great idea if you care more about shelter for the population than the financial wellbeing of the speculators.
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