• Cowbee [he/him]@lemmy.ml
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      13 days ago

      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.

    • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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      13 days ago

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

        • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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          9 days ago

          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.

    • interdimensionalmeme@lemmy.ml
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      13 days ago

      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.