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.
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.
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.
deleted by creator
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.
deleted by creator
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.
deleted by creator
Not really, the government wound down the real estate market intentionally to refocus the economy on tech and industry.
deleted by creator
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.