You can try to convince yourself, but do you remember China or Russia punishing the investors by confiscating their assets over political issues or limiting trade in their jurisdictions?
For all the talk of communism in the above places, it is the US, UK, and EU who did it and are planning more.
The world is watching.
Seriously?
You do know what caused the China real-estate bubble, right?
It was the Chinese government building massive ghost cities that nobody lives in. Housing that has no sewer or electricity going to it.
Then normal Chinese "investors" were lured into playing "the greater fool", thinking they could buy a real-estate holding that was absolutely worthless and sell it to some other poor schmuck down the road for a tidy profit.
Would this be considered "punishing" these "investors"?
Don't get me started on Russia and their punitive oligarchs...