All as planned. Bankrupt the entire country.
Usher in the rest of their utopian Communist ideas with ease.
Ironically, the housing crisis may become even worse in China with unaffordable, mortgage defaults, prohibitive construction costs, and lack of affordable rentals.
Not that we have anything to crow about - it’s a very serious problem and the “costs” of home ownership such as insurance, utilities, and repairs/improvement are going up just as fast along with property taxes.
Exactly, wether by “ design” or unintended consequences, Revolutions occur when the middle class disappears, leaving only those that have and have not.
History also shows when “ Trust in government” disappears, Revolution is ripe.
We are witnessing both.