It doesn’t really matter what people think the “right” or “just” solution is for the players involved. The fact is that the housing market became overpriced. It will correct itself to an equilibrium one way or another, primarily by market forces. Regardless of government intervention to slow or suppress the changes.
It wasn’t fair for the people of Banda Aceh, that they were overcome by a tsunami. However, it was an irrepressible reaction to a magnitude 9.0 event. There will be similar consequences, fair or not, in the reaction to the magnitude 9.0 event known as the housing bubble.
