Most of the people being ridiculed are not homeowners looking down their nose at the homeless, they are basically renting from the banks and chained to mortgages. They will become homeless themselves if the value of housing drops too far from what they borrowed.
It will also have ripple effects in the form of banks going under, retirement funds being depleted, and the economy as a whole tanking. If homes become cheaper too quickly the result will be a lot more homeless, not fewer.
In short, there are very valid non-selfish reasons why people, corporations and politicians don't want to make homes lose value too quickly. It's not malice against the homeless.
This is a systematic problem in many western nations and it doesn't have a simple solution.
This is one of the reasons, why climate-change risks can not be priced into home prices.
Take europe- after several instances, homes in mountanous regions and near small rivers/springs are to be expected to be regularly destroyed or damaged with high statistically likelihood. Examples abound:
Now, if the risk was assessed reasonable, the risk would be priced into the housing in those regions and industrial activities in these regions. Austria, germany and some other regions would see significant drops in value.
Same goes for florida and california, with forrest fires and hurricanes.
The market can not be rational, if your lifelihood and pension depends on it.
Most of the people being ridiculed are not homeowners looking down their nose at the homeless, they are basically renting from the banks and chained to mortgages. They will become homeless themselves if the value of housing drops too far from what they borrowed.
It will also have ripple effects in the form of banks going under, retirement funds being depleted, and the economy as a whole tanking. If homes become cheaper too quickly the result will be a lot more homeless, not fewer.
In short, there are very valid non-selfish reasons why people, corporations and politicians don't want to make homes lose value too quickly. It's not malice against the homeless.
This is a systematic problem in many western nations and it doesn't have a simple solution.