This is an easy problem for the ChiComms to solve. Just shoot a couple of defaulters. The rest will pay up ASAP.
They all bought speculatively.
Nobody may have the money to pay up, no matter the penalty for failing to pay.
That won’t solve the problem. Their real estate market is close to collapsing already, if they did this who would ever sign another mortgage, knowing if you default they kill you?
That bursting of that real estate bubble would blow up their entire financial system.
Neah. The Chicoms will crash their Social Credit to the point that they can’t even buy food and starve them.