You're missing that they didn't use this to build or expand housing, but to limit it. Just look at the occupancy rates. They colluded with property management

You're missing that they didn't use this to build or expand housing, but to limit it. Just look at the occupancy rates. They colluded with property management companies to capture 80% of existing multi-family dwellings and raised rents to inflate hard asset values of PE owned properties nationwide. Just because this is the closest that homeowners have had to a bailout in their lifetimes doesn't mean they didn't profit even more. It was a scam.